Fiduciary definition

Fiduciary has the meaning set forth in ERISA Section 3(21).

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Fiduciary means any person who (a) exercises any discretionary authority or discretionary control respecting management of the Plan or exercises any authority or control respecting management or disposition of its assets, (b) renders investment advice for a fee or other compensation, direct or indirect, with respect to any monies or other property of the Plan or has any authority or responsibility to do so, or (c) has any discretionary authority or discretionary responsibility in the administration of the Plan.

Fiduciary means a guardian, trustee, executor, administrator, receiver, conservator, or any other person acting in any fiduciary capacity for any individual, trust, or estate.

Examples of Fiduciary in a sentence

• The decision to invest plan assets in the Fund was made solely by the Fiduciary, following appropriate consideration of the Offering Documents, and the Fiduciary’s duties and responsibilities as fiduciary to the Subscriber.

• The decision to invest in the Fund was made by the Fiduciary with appropriate consideration of relevant investment factors with regard to the Subscriber and is consistent with the duties and responsibilities imposed upon fiduciaries with regard to their investment decisions under ERISA or similar applicable law.

• The Fiduciary is responsible for exercising independent judgment in evaluating the investment in the Fund.

• The Fiduciary has been informed of and understands the Fund’s investment objectives, policies and strategies.

• The Fiduciary acknowledges that it is intended that the Fund will not hold ERISA “plan assets” as defined by the plan assets regulation (e.g., the Fund may be managed so that less than 25% of any class of equity interest of the Fund will be owned by Benefit Plan Investors).

More Definitions of Fiduciary

Fiduciary means an agent, trustee, partner, corporate officer or director, or other representative owing a fiduciary duty with respect to an instrument.

Fiduciary means a trust company registered under the trust company legislation of Canada or any province thereof, a trust company organized under the laws of any state of the United States, a portfolio manager registered under the securities legislation of one or more provinces of Canada or an investment adviser registered under the United States Investment Advisers Act of 1940 or any other securities legislation of the United States or any state of the United States.

Fiduciary means any individual or group of individuals that exercise discretionary authority or control over fund management or any authority or control over management, disposition or administration of the Fund assets.

Fiduciary means a personal representative or a trustee. The term includes an executor, administrator, successor personal representative, special administrator, and a person performing substantially the same function.

Fiduciary means a person who does any of the following:

Fiduciary means the Trustee, any representative of the Holders of Notes or Subordinate Bonds appointed by Series Resolution, or any Paying Agent, including each fiscal agent.

Fiduciary means an original, additional, or successor personal representative,