Examples of New Trust in a sentence
For New Trust Funds that the agency recommends should be Created answer questions 11-13 and attach draft legislation as requested.
In Note S/1561/2017 entitled “Request from the Director-General to States Parties for Voluntary Contributions to a New Trust Fund for Upgrading the OPCW Chemical Laboratory to a Centre for Chemistry and Technology” (dated 8 December 2017), the Secretariat informed States Parties of the establishment of a trust fund for this project and requested voluntary contributions.
D The New Trust where the conflict is structural because the formally responsible agent of the new trust is the board of the manager.
The exercise of the trustee’s power to sever each trust on a fractional basis into the New Trusts under State law will not adversely affect the trusts’ status as exempt from the GST tax under chapter 13, and each New Trust created as a result of the severance will remain exempt from the GST tax.
The holding of the Prior Rulings will apply to each of the New Trusts, and the exercise of fiduciary discretion by the trustee of a New Trust to credit realized capital gains of that trust to income and to charge income expenses of that trust to principal (in a manner consistent with the Prior Rulings) will not adversely affect that trust’s status as exempt from the GST tax under chapter 13.