Qualification of Trustee. The Trustee shall be a corporation organized and doing business under the laws of the United States or any state thereof which is authorized under such laws to exercise corporate trust powers and having at all times an aggregate capital, surplus, and undivided profits of not less than $5,O0O,000.
Appears in 3 contracts
Samples: Trust Indenture and Agreement (National Equity Trust Otc Growth Trust Series 5), Trust Indenture and Agreement (National Equity Tr Short Term Low 5 Cover Write Opt Tr Ser 1), Trust Indenture and Agreement (National Equity Trust Low Five Portfolio Series 31)
Qualification of Trustee. The Trustee shall be a corporation organized and doing business under the laws of the United States or any state thereof which is authorized under such laws to exercise corporate trust powers and having at all times an aggregate capital, surplus, and undivided profits of not less than $5,O0O,0005,000,000.
Appears in 1 contract
Samples: Trust Indenture and Agreement (National Equity Tr Short Term Low 5 Cover Write Opt Tr Ser 1)
