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.

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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

In addition, the Trustee may carry or purchase life insurance on the life of any Trust beneficiary, and may exercise or release any rights with regard to such policy.
Nothing in this Trust Agreement shall in any way diminish any rights of a Trust beneficiary to pursue his rights as a general creditor of ConAgra with respect to the payment of benefits.
To the extent permitted by law, benefits to a Trust beneficiary under this Agreement may not be anticipated, assigned, alienated or subject to attachment, garnishment, levy, execution or other legal or equitable process and no benefit actually paid to a Trust beneficiary by the Trustee shall be subject to any claim for repayment by ConAgra or the Trustee.
If requested by a Trust beneficiary, the Trustee shall furnish an annual accounting of the trust's condition, including receipts and disbursements, to each adult beneficiary of the current trust income.
Each Other Trust beneficiary will be beneficially entitled to Trust Property specified in any Supplement as being the beneficial entitlement of such Other Trust Property of such beneficiary.

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 Liquidation Trust Beneficiary or a Wind-Down Trust Beneficiary, as applicable.

Trust beneficiary means Participants in the Arrangements and their beneficiaries, individually and collectively.