Legacy trust definition

Legacy trust. Legacy Drive Trust, a trust formed under the laws of the State of Texas pursuant to, and operating in accordance with, the Trust Agreement.
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Legacy trust means an irrevocable trust established
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Legacy trust means a trust evidenced by a written trust instrument to which all of the following apply: (1) the trust has, names, or appoints at least one qualified trustee for or in connection with the property that is the subject of a qualified disposition, (2) the trust expressly incorporates the laws of Ohio to wholly or partially govern its validity, construction, and administration, (3) the trust expressly states that it is irrevocable, and (4) the trust has a spendthrift provision applicable to the interests of any beneficiary in the trust property, including any interests of a transferor in the trust property. A trust that satisfies the above criteria is considered a legacy trust even if the trust instrument also allows for one or more nonqualified trustees and regardless of the language used to satisfy those criteria.
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More Definitions of Legacy trust

Legacy trust means a trust created by a written instrument, the terms of
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Legacy trust means a trust evidenced by a written trust instrument to which all of the following apply:
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Legacy trust means the Tsawwassen First Nation Member Legacy Trust to be established between Tsawwassen First Nation, as settlor, and the Society, as trustee;
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Legacy trust means the Legacy Trust dated for reference the
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Related to Legacy 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.

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

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

  • 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.

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