Common use of Transfer of Trust Clause in Contracts

Transfer of Trust. A partner may, after giving written notice to the other partners, transfer his interest in the partnership to a revocable living trust of which he is the grantor and sole trustee, so long as the trust adheres to the terms and conditions of this partnership agreement.

Transfer of Trust. A partner mayxxx, after giving written notice to the other partners, transfer his interest in the partnership to a revocable living trust of which he is the grantor and sole trustee, so long as the trust adheres to the terms and conditions of this partnership agreement.