Corporate fiduciary definition

Corporate fiduciary means the status of a person as a current or former director, officer, employee or agent of State Auto, State Automobile Mutual Insurance Company or their respective subsidiaries and affiliates or as a current or former director, trustee, officer, employee, member, manager or agent of any other Enterprise that such person is or was serving at the request of State Auto.

Corporate fiduciary means a financial institution, as defined by Section 201.101, Finance Code, that:

Corporate fiduciary means an entity chartered by

Examples of Corporate fiduciary in a sentence

• State Auto shall indemnify the Executive Officer to the maximum extent permitted by the OCL in effect on the date of this Agreement, and as the OCL may be hereafter amended from time to time (but, in the case of any such amendment, only to the extent the amendment permits State Auto to provide broader indemnification rights and protection than the OCL permitted State Auto to provide before the amendment), by reason of the Executive Officer serving as a Corporate Fiduciary (as defined in Section 19).

• All obligations of State Auto contained in this Agreement shall apply retroactively beginning to the date the Executive Officer began serving as a Corporate Fiduciary and shall continue during the period that the Executive Officer serves as a Corporate Fiduciary and for so long thereafter as the Executive Officer may be subject to any possible claim or any threatened, pending or completed Proceeding as a result, directly or indirectly, of the Executive Officer serving as a Corporate Fiduciary.

• To the extent that the Executive Officer is, by reason of the Executive Officer serving as a Corporate Fiduciary, a witness in any Proceeding to which the Executive Officer is not a party, the Executive Officer shall be indemnified against all Expenses actually and reasonably incurred by the Executive Officer or on the Executive Officer’s behalf in connection with such Proceeding.

• State Auto’s obligation to indemnify or advance Expenses under this Agreement to the Executive Officer who is or was serving at the request of State Auto as a Corporate Fiduciary of another Enterprise shall be reduced by any amount the Executive Officer has actually received as indemnification or advancement of Expenses from such other Enterprise.

• All obligations of State Auto contained in this Agreement shall apply retroactively beginning to the date the Director began serving as a Corporate Fiduciary and shall continue during the period that the Director serves as a Corporate Fiduciary and for so long thereafter as the Director may be subject to any possible claim or any threatened, pending or completed Proceeding as a result, directly or indirectly, of the Director serving as a Corporate Fiduciary.

More Definitions of Corporate fiduciary

Corporate fiduciary means a bank, trust company or other corporation or business entity authorized to act as a fiduciary in this state.

Corporate fiduciary means a financial institution as defined by Section 201.101, Finance Code, [trust company or bank] having trust powers, existing or doing business under the laws of this state, another state, or [of] the United States, that is authorized by law to act under the order or appointment of any court of record, without giving bond, as a guardian, receiver, trustee, executor, or administrator, or, although without general depository powers, as a depository for any money paid into court, or to become sole guarantor or surety in or on any bond required to be given under the laws of this state.

Corporate fiduciary means all of the following:

Corporate fiduciary means a financial institution as defined by Section 201.101, Finance Code, having trust powers, existing or doing business under the laws of this state, another state, or the United States, which is authorized by law to act under the order or appointment of any court of record, without giving bond, as receiver, trustee, executor, administrator, or, although without general depository powers, depository for any moneys paid into court, or to become sole

Corporate fiduciary means an entity chartered by the Banking Department of Texas, the Department of Savings and Mortgage Lending [Loan Department of Texas], the United States comptroller of the currency, or the director of the United States Office of Thrift Supervision that acts as a receiver, conservator, guardian, executor, administrator, trustee, or fiduciary of real or personal property.

Corporate fiduciary means any Legal Entity that is authorized pursuant to the provisions of applicable Law to act as a fiduciary with respect to any trust or estate.

Corporate fiduciary means a financial institution whose