Memorandum of Trust Clause Samples
A Memorandum of Trust is a legal document that summarizes the key terms and existence of a trust without disclosing all its detailed provisions. Typically, it identifies the trust's name, date, trustees, and powers, and may be used in place of the full trust agreement when dealing with third parties such as banks or title companies. Its core function is to provide necessary proof of the trust's authority and existence while maintaining the privacy of the trust's full terms and beneficiaries.
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Memorandum of Trust. 25 EXHIBITS A - Accession Agreement .............................................A-1 B - Certificate of Beneficial Interest ..............................B-1 TRUST AGREEMENT dated as of March 1, 1997 (herein, as amended or supplemented from time to time as permitted hereby, called this "Trust Agreement") between Mid-State Homes, Inc., a Florida corporation, as Depositor (the "Depositor"), and Wilmington Trust Company, a Delaware banking corporation, as Owner Trustee (the "Owner Trustee").
Memorandum of Trust. The Owner Trustee is hereby authorized and empowered from time to time to prepare and to execute on behalf of the Trust a memorandum of trust in such form and summarizing such provisions of this Agreement as may be required by the laws of any jurisdiction and to file and/or record such memorandum of trust in such manner as may be required by the laws of such jurisdiction.