Examples of Statutory Trust Act in a sentence
The Trustee shall have power and authority, and is hereby authorized and empowered, at the written direction of Administrator or as required under the Statutory Trust Act, to execute and file with the Secretary of State any certificate required or permitted under the Statutory Trust Act to be filed with the Secretary of State.
It is the intention of the parties hereto that the Trust constitute a statutory trust under the Statutory Trust Act and that this Agreement constitute the governing instrument of such statutory trust.
Notwithstanding anything herein to the contrary, the duties of the Delaware Trustee shall be limited to: (i) accepting legal process served on the Trust in the State of Delaware; (ii) executing of any certificates required to be filed with the Delaware Secretary of State which the Delaware Trustee is required to execute under Section 3811 of the Statutory Trust Act; and (iii) any other duties specifically allocated to the Delaware Trustee in the Trust Agreement.
The Delaware Trustee shall at all times be a Person which, in the case of a natural person, is a resident of the State of Delaware or, in all other cases, has its principal place of business in the State of Delaware satisfying the provisions of Section 3807(a) of the Statutory Trust Act, authorized to exercise its applicable powers.
The Trustee shall have all the rights, powers and duties of the Trustee set forth in this Agreement and in the Statutory Trust Act.