Discretionary trust provision definition

Discretionary trust provision means that term as defined in section 7103 of the estates and protected individuals code, 1998 PA 386, MCL 700.7103.
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Discretionary trust provision means a provision in a trust, regardless of whether the terms of the trust provide a standard for the exercise of the trustee's discretion and regardless of whether the trust contains a spendthrift provision, that provides that the trustee has discretion, or words of similar import, to determine 1 or more of the following:
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Discretionary trust provision means a provision in a
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Related to Discretionary trust provision

  • Original Trust Agreement has the meaning specified in the recitals to this Trust Agreement.

  • Collateral Trust Agreement means the collateral trust agreement entered into on the Issue Date among the Issuers, certain other Grantors, the Collateral Agent, the Trustee as a Pari Passu Lien Debt Representative, the Term Loan Administrative Agent, the Commercial Building Lender and the Equipment Lessor, as hereafter amended, restated, supplemented or otherwise modified from time to time in accordance with the terms thereof.

  • Initial Trust Agreement shall have the meaning assigned to such term in Section 2.12 of the Trust Agreement.

  • the Academy Trust means the company intended to be regulated by these Articles and referred to in Article 2;