Authorized fiduciary definition

Authorized fiduciary means (i) a trustee or other fiduciary, other than a settlor, that has discretion
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Authorized fiduciary means (i) a trustee or other fiduciary, other than a settlor, that has discretion to distribute or direct a trustee to distribute part or all of the income or principal of the first trust to one or more current beneficiaries; (ii) a special fiduciary appointed under § 64.2-779.6; or (iii) a special-needs fiduciary under § 64.2-779.10.
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Authorized fiduciary means any of the following:
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More Definitions of Authorized fiduciary

Authorized fiduciary means (i) a trustee or other fiduciary, other than a settlor, that has discretion 605 to distribute or direct a trustee to distribute part or all of the income or principal of the first trust to one 606 or more current beneficiaries and that is not (a) a current beneficiary of the first trust or a beneficiary to 607 which the net income or principal of the first trust would be distributed if the first trust were terminated, 608 (b) a trustee of the first trust that may be removed and replaced by a current beneficiary who has the 609 power to remove the existing trustee of the first trust and designate as successor trustee a person that 610 may be a related or subordinate party, as defined in 26 U.S.C. § 672(c), with respect to such current 611 beneficiary, or (c) an individual trustee whose legal obligation to support a beneficiary may be satisfied 612 by distributions of income and principal of the first trust; (ii) a special fiduciary appointed under 613 § 64.2-779.6; or (iii) a special-needs fiduciary under § 64.2-779.10.
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Authorized fiduciary means a trustee or other fiduciary, other than a settlor, who has discretion to distribute or direct a trustee to distribute all or part of the principal of the first trust to a beneficiary.
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Authorized fiduciary means any of the follow- ing:
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Authorized fiduciary means (i) a trustee or other fiduciary, other than a settlor, that has discretion to distribute or direct a trustee to distribute part or all of the income or principal of the first trust to one or more current beneficiaries and that is not (a) a current beneficiary of the first trust or a beneficiary to which the net income or principal of the first trust would be distributed if the first trust were terminated,
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Related to Authorized fiduciary

  • Authorized delegate means a person a licensee designates to provide money services on behalf of the licensee.

  • Authorized nuclear pharmacist means a pharmacist who:

  • Authorized Person means any officer of the Fund and any other person authorized by the Fund to give Oral or Written Instructions on behalf of the Fund. An Authorized Person's scope of authority may be limited by setting forth such limitation in a written document signed by both parties hereto.

  • Administrative Committee means the committee in charge of Plan administration, as described in Article VII.