Examples of Financial Trustee in a sentence
The Financial Trustee shall, upon receipt of a written direction from the Council, make payments of Income to which the assignment relates to such one or more other trusts.
A person elected or appointed to the office of Financial Trustee or Community Fund Trustee, as the case may be, shall not be considered a trustee under this Agreement until such person shall execute a consent and acknowledgement, as set forth in Schedule "C" to this Agreement confirming such person's willingness to take office as a trustee in accordance with the provisions of this Agreement and to participate in any ongoing orientation or education process pertaining to his or her function as a trustee.
That the Financial Trustee is a financial institution and is not licensed or skilled in the field of social services, and the Grantor therefore acknowledges and agrees that the Financial Trustee may conclusively rely upon the Managing Trustee to identify programs that may be of social, financial, developmental or other assistance to the Beneficiary.
The Financial Trustee, its agents and employees, as well as their agents’ and employees’ heirs and legal and personal representatives, shall not in any event be liable to any Grantor or Beneficiary, or any other party, for its acts as Financial Trustee so long as the Financial Trustee acts reasonably and in good faith.
I, , hereby assign and transfer to Bristol County Savings Bank, Attleboro, Massachusetts, as Financial Trustee of The Arc of Bristol County Pooled Trust, declared the 23rd day of December, 2013, and as amended from time to time in accordance with its terms, the amount of $ by check, a copy of which is attached hereto, to be held in trust for my benefit in accordance with the terms and conditions of the said declaration of trust.