Trust beneficiary definition

Trust beneficiary means that term as defined in section 7103 of the estates and protected individuals code, 1998 PA 386, MCL 700.7103.

Trust beneficiary means a person to whom 1 or both of the following apply:

Trust beneficiary means a beneficiary under the Trust Agreement, as defined in the Trust Agreement.

Examples of Trust beneficiary in a sentence

• The IBA will be managed and administered for the sole benefit of each Trust Beneficiary, but the investments of the IBA may, in the sole discretion of AGED and the trustee, be pooled with other Trust IBA’s.

• Qualified See-Through Trust Beneficiary A qualified see-through trust beneficiary, as defined under Regulations, is a trust that is valid under state law (or would be valid but for the fact that there is no corpus), is irrevocable (or becomes irrevocable upon your death) and has identifiable beneficiaries.

• The Trustee in its sole discretion may recruit, select, engage, terminate, and change one or more money managers without the consent of the Trust Beneficiary and/or Beneficiary Advocate.

• No Cash distributions shall be required to be made to any Litigation Trust Beneficiary in an amount less than $100.00.

• Upon the occurrence of an Event of Default under this Deed of Trust, Beneficiary, as a matter of right and without notice to Trustor or anyone claiming under Trustor, and without regard to the then value of the Property or the interest of Trustor therein, shall have the right to apply to any court having jurisdiction to appoint a receiver or receivers of the Property, and Trustor hereby irrevocably consents to such appointment and waives notice of any application therefor.

More Definitions of Trust beneficiary

Trust beneficiary as defined in Section 1.12.

Trust beneficiary means a person that has a present or future beneficial interest in a trust, whether vested or contingent.

Trust beneficiary means a holder of an Allowed General Unsecured Claim; provided, however, that any Prepetition Lender who holds an Allowed General Unsecured Claim on account of Claims arising under the Prepetition Credit Agreement shall not be a Trust Beneficiary for purposes hereof.

Trust beneficiary means Lord Fuel Corp., a Delaware corporation, and its permitted successors.

Trust beneficiary means any Person that beneficially owns an Interest in the Trust, as shown on the records of the Custodian.

Trust beneficiary. ’ means a person that has a present or future benefi- cial interest in a trust, whether vested or contingent.

Trust beneficiary has the meaning set forth in the preamble hereto.