Written Trust definition

Written Trust means a trust which is created by a duly executed instrument in writing. Such instrument can be testamentary (ie. Created under a will) or non-testamentary.
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Written Trust. (or documentary trust) Account”, an entity account, is established pursuant to a Written Trust Agreement or court order. We may require a notarized Trustee’s Certificate of Trust, Certification of Trust Affidavit, or other evidence satisfactory to us, of the Written Trust agreement’s existence, content, and trustee powers, prior to opening the account. We are not required to know, understand, interpret or enforce the terms of any trust documentation provided. By accepting the Written Trust Certification or other documentation, Logix in no way assumes any responsibility to comply with the terms of the trust agreement or court order. We shall not accept responsibility to act as a trustee or successor trustee under any circumstances, regardless of any trust agreement which provides otherwise. The designation "trustee" reflected on your statement under the “additional names on account,” identifies your account as a Written Trust Account. Upon the death or evidence satisfactory to us of incapacity of all Account Holders named as trustee, we shall rely upon the instructions of the successor trustee(s) after successor trustees execute a New Account Application and Certification of Trust Affidavit identifying the new trustees of the account. If more than one person is named as trustee on the account, we shall act on the signature of any one of them, regardless of whether any other person named on the account as trustee is incapacitated or deceased. Logix shall have no duty to monitor the Account to determine the status of the trustee or beneficiaries or whether the trustee is in compliance with the trust agreement or court order. Written Trust Accounts may not have the same regulatory protections afforded to consumer accounts.
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Examples of Written Trust in a sentence

  • Trustee as Beneficiary under a Written Trust Agreement: Blank National Bank of Dallas, Texas, as Trustee under a trust agreement executed June 1, 1963 by John B.

  • Written Trust guidance on information sharing will be available to staff and will comply with statutory legislation/guidance, multi-agency information sharing agreements and trust information governance policies.

  • Trusts with Written Trust Agreements.In the context of most Florida trusts, with the possible exception of Florida land trusts arising strictly by operation of Section 689.071, Florida Statutes (referred to as a " Florida Land Trust"), the designation of the trustee occurs pursuant to the provisions of a written trust agreement.

  • In Section 3, we give an overview of GLACIATE design and each component of GLACIATE in details.

  • If only LEO or MEO is of interest, a much smaller array design would result; possibly a subset of the larger system.

  • A sample designation is:Mary Smith, as Trustee under a Written Trust Agreement**, executed by John Doe, dated January 1, 1995** “A Written Trust Agreement” may be replaced with “a Declaration of Trust, an Inter-Vivos Trust, and Irrevocable Trust” or “the John Doe Children’s Trust” if and when applicable.• Trust for minor beneficiaryThis designation can be used in place of a formal trust document in order to pay proceeds to a minor.

Related to Written Trust

  • the Eileen Trust means the charitable trust of that name established on 29th March 1993 out of funds provided by the Secretary of State for the benefit of persons eligible for payment in accordance with its provisions;

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.

  • the Academy Trust means the company intended to be regulated by these Articles and referred to in Article 2;

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Academy Trust shall include any company in which the Academy Trust: • holds more than 50% of the shares; or • controls more than 50% of the voting rights attached to the shares; or • has the right to appoint one or more directors to the board of the company.

  • the Macfarlane Trust means the charitable trust, established partly out of funds provided by the Secretary of State to the Haemophilia Society, for the relief of poverty or distress among those suffering from haemophilia;

  • Trustee Agreement means the trustee agreement entered into on or before the Issue Date, between the Issuer and the Trustee, or any replacement trustee agreement entered into after the Issue Date between the Issuer and a trustee, regarding, inter alia, the remuneration payable to the Trustee or a replacement trustee.

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • Bond Trustee Fee Agreement means the agreement entered into between the Issuer and the Bond Trustee relating among other things to the fees to be paid by the Issuer to the Bond Trustee for its obligations relating to the Bonds.