Jersey trust definition

Jersey trust means a trust whose proper law is the law of Jersey;
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Examples of Jersey trust in a sentence

  • In D.20-07-038, Order Modifying Decision (D.) 19‑09‑051 and Denying Rehearing, as Modified, the Commission disposed of Applications for Rehearing of D.19‑09‑051 filed by TURN and The Protect Our Communities Foundation.

  • This may not be entirely fair, since it is perfectly possible and legitimate to create a Jersey trust with a trustee operating at arm’s length and independently.

  • In Esteem, departing from the B Trust, it was stated that “A Jersey trust is essentially the same animal as is found in English law, subject to certain local modifications.”122 On the other hand, in Re B, the Royal Court took the view that “Decisions of the English courts in matters of this kind are always likely to be of considerable interest to the Royal Court and will frequently be treated as highly persuasive.

  • Thomas Everett decried that the bill as worse than “the notorious New Jersey trust law” and condemned Amalgamated Copper for forcing it upon the legisla- ture.91 Everett exhorted:The most baleful power of the trusts is not that of fixing prices.

  • Our faculties can be diversified by increasing the numbers of foreign visiting professors, programs of faculty and student exchanges, expanded programs on regional law (in Latin America, the Middle East, China, and South Asia), and more career services to prepare students for global practice.

  • This analysis prompts the question whether the trustee becomes in a Jersey trust, a lunga manus or alter ego of the settlor.

  • Nonetheless, it remains the case that the Royal Court is not subordinate to the English Court of Appeal.”123 120 B Trust, [2006 JLR 562, 571].121 Art 9.122 Fn 18 at 90.123 [2013(1) 1] at 9.The Jersey trust carries its distinctive civilian hue: this is clothed within the English and Commonwealth categories of trusts.

  • FREIT’s Declaration of Trust and New Jersey law permit, and the Maryland General Corporation Law (“MGCL”) permits, the merger of a New Jersey trust with and into a Maryland corporation.

  • The application fee is payable in respect of:2.1.1 Any AIF registered in Jersey (company, limited partnership or limited liability partnership); or2.1.2 Any AIF which is a Jersey trust that is a unit trust.

  • The defining factors remain patrimony, property interests, and rights and obligations, these underlining the civilian character of the Jersey trust.

Related to Jersey trust

  • Academy Trust shall include any company in which the Academy Trust: • holds more than 50% of the shares; or • controls more than 50% of the voting rights attached to the shares; or • has the right to appoint one or more directors to the board of the company.

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

  • Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq., as the same may be amended from time to time.

  • Mortgage Security Trust Fund As to any Mortgage Security, the trust fund in which such Mortgage Security evidences a fractional undivided interest. New York Presenting Agent: State Street Bank and Trust Company, N.A., with its offices at 00 Xxxxxxxx, Xxx Xxxx, Xxx Xxxx or such other office within the Borough of Manhattan, City of New York, State of New York, as Xxxxxx Mae may appoint by notice to the Trustee.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Family Trust means, with respect to any natural Person, a trust, limited partnership or limited liability company benefiting solely such individual and/or the Family Members of such individual.

  • Delaware Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code.

  • Statutory Trust Statute means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq.

  • Security Trust Agreement means that certain security trust agreement dated on or about the Merger Closing Date made between the Security Trustee and the Lenders and relating to the appointment of the Security Trustee as trustee of the Security.

  • the Eileen Trust means the charitable trust of that name established on 29th March 1993 out of funds provided by the Secretary of State for the benefit of persons eligible for payment in accordance with its provisions;

  • Property Trustee means the Person identified as the “Property Trustee” in the Trust Agreement, solely in its capacity as Property Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Property Trustee appointed as therein provided.

  • NIM Trustee The trustee for the NIM Securities.

  • First trust means a trust over which an authorized fiduciary may exercise the decanting power.

  • Family Trusts means, with respect to any individual, trusts or other estate planning vehicles established for the benefit of Family Members of such individual and in respect of which such individual serves as trustee or in a similar capacity.

  • Delaware Trustee means, with respect to the Trust, the Person identified as the “Delaware Trustee” in the Trust Agreement, solely in its capacity as Delaware Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Delaware Trustee appointed as therein provided.

  • Owner Trust means with respect to any Leased Aircraft, the trust created by the "Trust Agreement" referred to in the Leased Aircraft Indenture related thereto.

  • Supplemental Interest Trust Trustee Xxxxx Fargo Bank, N.A., a national banking association, not in its individual capacity but solely in its capacity as supplemental interest trust trustee, and any successor thereto.

  • Successor Trust means Continental Airlines Pass Through Trust 1997-4B-S.

  • unit trust means any trust established for the purpose, or having the effect, of providing facilities for the participation by persons as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of securities or any other property.

  • Delaware Statutory Trust Statute means the provisions of the Delaware Statutory Trust Act, 12 Del. C.ss.3801, et. seq., as such Act may be amended from time to time.

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • or "INSTITUTIONAL TRUSTEE means the Trustee;

  • Escrow Trustee means the bank or trust company designated by the Fiscal Officer in the Certificate of Award as the initial escrow agent with respect to the Refunded Bonds under the Escrow Agreement and until a successor Escrow Trustee shall have become such pursuant to the provisions of the Escrow Agreement and, thereafter, "Escrow Trustee" shall mean the successor Escrow Trustee.

  • Sub-Trust has the meaning set forth in Section 3.01(b) of the Titling Trust Agreement.

  • Successor Institutional Trustee has the meaning set forth in Section 4.3(a).

  • Successor Property Trustee has the meaning specified in Section 6.6(b).