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Trust Committee Sample Clauses

Trust Committee. (A) The Trust Committee shall be composed of not more than thirteen members who shall be selected by the Board of Directors, a majority of whom shall be members of the Board of Directors and who shall hold office during the pleasure of the Board. (B) The Trust Committee shall have general supervision over the Trust Department and the investment of trust funds, in all matters, however, being subject to the approval of the Board of Directors. (C) The Trust Committee shall meet at the principal office of the Company or elsewhere in its discretion at such times to be determined by a majority of its members or at the call of its chairman. A majority of its members shall be necessary to constitute a quorum for the transaction of business. (D) Minutes of each meeting of the Trust Committee shall be kept and promptly submitted to the Board of Directors. (E) The Trust Committee shall have the power to appoint Committees and/or designate officers or employees of the Company to whom supervision over the investment of trust funds may be delegated when the Trust Committee is not in session.
Trust Committee. (A) The Trust Committee shall be composed of not more than thirteen members who shall be selected by the Board of Directors, a majority of whom shall be members of the Board of Directors and who shall hold office during the pleasure of the Board. (B) The Trust Committee shall have general supervision over the Trust Department and the investment of trust funds, in all matters, however, being subject to the approval of the Board of Directors. (C) The Trust Committee shall meet at the principal office of the Company or elsewhere in its discretion at least once a month. A majority of its members shall be necessary to constitute a quorum for the transaction of business. Special meetings of the Trust Committee may be held at any time when a quorum is present. (D) Minutes of each meeting of the Trust Committee shall be kept and promptly submitted to the Board of Directors. (E) The Trust Committee shall have the power to appoint Committees and/or designate officers or employees of the Company to whom supervision over the investment of trust funds may be delegated when the Trust Committee is not in session.
Trust Committee. There shall be a trust committee composed of not less than three directors appointed by the Chairman of the Board annually or more often. The trust committee shall have the power, as is lawfully delegated by the board, pursuant to a trust policy adopted by resolution of the board, to ensure adherence to the trust policies of the Bank and to recommend amendments thereto. The trust committee shall keep minutes of its meetings, and such minutes shall be submitted at the next regular meeting of the Board of Directors at which a quorum is present, and any action taken by the board with respect thereto shall be entered in the minutes of the board.
Trust Committee. The purpose of the Trust Committee is to set policy for the distribution of funds in the Trust fund, to provide direction and advice to the Trustee in administering the fund, and to make disposition of Trust assets in the event of Trust dissolution. The Trust Committee shall consist of the membership of the SNHCoC Board as it shall be composed from time to time. Any meeting of the Trust Committee shall conform with the requirements of the SNHCoC Board, as they may be amended from time to time by internal procedure of the SNHCoC or by state law under the laws of Chapter 241 of the Nevada Revised Statutes. The act of a majority of the membership of the SNHCoC Board, duly noticed as required by the Open Meeting Law of Nevada, shall constitute the act of the Trust Committee.
Trust Committee 

Related to Trust Committee

  • Calendar Committee The calendar committee is charged with the task of collaborating with site base teams in developing the academic calendar. The committee should complete its recommendations by consensus and report these to the Board no later than January 31.