Money held in trust definition

Money held in trust means money maintained for the benefit of:
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Money held in trust means money maintained for the benefit of: 629 (a) one or more private individuals, including public employees;
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Money held in trust means money maintained for the benefit of: 1011 (a) one or more private individuals, including public employees; 1012 (b) one or more public or private entities; or 1013 (c) the owners of a quasi-public corporation. 1014 (7) "Public corporation" means an artificial person, public in ownership, individually 1015 created by the state as a body politic and corporate for the administration of a public purpose 1016 relating to the state or its citizens. 1017 (8) "Quasi-public corporation" means an artificial person, private in ownership, 1018 individually created as a corporation by the state which has accepted from the state the grant of 1019 a franchise or contract involving the performance of a public purpose relating to the state or its 1020 citizens. 1021 Section 4. Section 63H-3-101, which is renumbered from Section 9-3-401 is 1022 renumbered and amended to read: 1023 CHAPTER 3. UTAH SCIENCE CENTER AUTHORITY 1024 [9-3-401]. 63H-3-101. Short title. 1025 This [part] chapter is known as the "Utah Science Center Authority." 1026 Section 5. Section 63H-3-102, which is renumbered from Section 9-3-402 is 1027 renumbered and amended to read: 10281029 [9-3-402]. 63H-3-102. Legislative findings -- State purpose.(1) The Legislature finds and declares that: 1030 (a) a Utah Science Center Authority can promote science, Utah's effort in high 1031 technology, engineering, the arts, culture, Utah's unique origins, and can enhance tourism and 1032 provide a valuable educational forum, and other benefits for Utah's citizens; and 1033 (b) fostering the development of science, arts, tourism, culture, and educational 1034 facilities is a state purpose affecting the welfare of all state citizens and the growth of the 1035 economy statewide. 1036 (2) It is therefore the purpose of this [part] chapter that the state provide a means to 1037 foster the development of science, technology, engineering, arts, tourism, cultural, and
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Examples of Money held in trust in a sentence

  • Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law.

  • Money held in trust by the Trustee need not be segregated from other funds except to the extent required by the law.

  • Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law and except for money held in trust under Article 8.

  • Money held in trust by the Paying Agent need not be segregated except as required by law and in no event shall the Paying Agent be liable for any interest on any money received by it hereunder.

  • Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law and except for money held in trust under Article 8 of this Indenture.

  • Money held in trust by the Trustee need not be segregated from other funds, except to the extent required by law.

  • Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law and except for money held in trust under Article Eight of this Indenture.

  • Money held in trust by the Indenture Trustee need not be segregated from other funds except to the extent required by law or the Transaction Documents.

  • Money held in trust by a Paying Agent need not be segregated except as required by law and in no event shall a Paying Agent be liable for any interest on any money received by it hereunder.

  • Money held in trust by the Trustee or any Agent need not be segregated from other funds except to the extent required by law.

Related to Money held in trust

  • Segregation of Duties means the assignment of different people in the responsibility of authorising transactions, recording transactions and maintaining custody of assets with the intention of reducing the opportunities to allow any person to be in a position to both perpetrate and conceal fraud or error due to fraud in the normal course of their duties. Skills First Entitlement means the entitlement to a government-subsidised place in training for persons who are eligible in accordance with the criteria set out in the Act or established under the Act, and reflected in this Contract.

  • Government Obligations means (i) securities which are (A) direct obligations of the United States of America or the government which issued the Foreign Currency in which the Securities of a particular series are payable, for the payment of which its full faith and credit is pledged or (B) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America or such government which issued the Foreign Currency in which the Securities of such series are payable, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America or such other government, which, in either case, are not callable or redeemable at the option of the issuer thereof, and (iii) a depository receipt issued by a bank or trust company as custodian with respect to any such Government Obligation or a specific payment of interest on or principal of any such Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the Government Obligation or the specific payment of interest on or principal of the Government Obligation evidenced by such depository receipt.

  • Money means a medium of exchange currently authorized or adopted by a domestic or foreign government. The term includes a monetary unit of account established by an intergovernmental organization or by agreement between two or more countries.

  • Funds means financial assets and benefits of every kind, including, but not limited to:

  • U.S. Government Obligations means securities which are (i) direct obligations of The United States of America for the payment of which its full faith and credit is pledged or (ii) obligations of a person controlled or supervised by and acting as an agency or instrumentality of The United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation by The United States of America, and which in the case of (i) and (ii) are not callable or redeemable at the option of the issuer thereof, and shall also include a depository receipt issued by a bank or trust company as custodian with respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the U.S. Government Obligation evidenced by such depository receipt.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Paying Agent means any Person authorized by the Company to pay the principal of or any premium or interest on any Securities on behalf of the Company.

  • Segregate means to separately hold or separately account for a derivatives party’s positions related to derivatives or derivatives party assets;

  • Commingle means the act of Commingling.

  • Government Servant means any person appointed by Government to any civil service or post in connection with the affairs of the Union & includes a civilian in a Defence service;

  • Government purpose means any activity in which the United States Government is a party, including cooperative agreements with international or multi-national defense organizations, or sales or transfers by the United States Government to foreign governments or international organizations. Government purposes include competitive procurement, but do not include the rights to use, modify, reproduce, release, perform, display, or disclose technical data for commercial purposes or authorize others to do so.

  • Government purpose rights means the rights to—