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Chart of a trust. Trustees [2] have certain duties (some of which are fiduciary). These include the duty to: Carry out the expressed terms of the trust instrument. [3] Trustees are bound to act in accordance with the terms of the trusts upon which the trustee holds trust property, and commit a breach of trust by departing from the terms of the ...
The trustee model of representation is a model of a representative democracy, frequently contrasted with the delegate model of representation. [1] In this model, constituents elect their representatives as ' trustees ' for their constituency .
[1] [2] [3] A TEE as an isolated execution environment provides security features such as isolated execution, integrity of applications executing with the TEE, and confidentiality of their assets. In general terms, the TEE offers an execution space that provides a higher level of security for trusted applications running on the device than a ...
In practical terms, the use of co-trustees can often become unwieldy. The Code generally notes this and advises great care for attorneys who draft documents that use multiple co-trustees. [32] Trustees may be competent individuals or state or federally chartered corporations with trust powers (usually banks or trust companies).
List of initialisms, acronyms ("words made from parts of other words, pronounceable"), and other abbreviations used by the government and the military of the United States. Note that this list is intended to be specific to the United States government and military—other nations will have their own acronyms.
Continue reading → The post Trustor vs. Trustee: What’s the Difference? appeared first on SmartAsset Blog. Trusts are a useful tool for financial and estate planning, allowing a family to set ...
Bieber's Dictionary of Legal Abbreviations. 6th ed. Buffalo, NY: Hein, 2009. Bieber's Dictionary of Legal Abbreviations, 5th ed. at Google Books; Trinxet, Salvador. Trinxet Dictionary of Legal Abbreviations and Acronyms Series. A Law Reference Collection, 2011, ISBN 1624680003 and ISBN 978-1-62468-000-7; Trinxet, Salvador.
The U.S. Trustee's office conducts the first meeting of creditors in a Chapter 11 case. Most Chapter 11's do not require the appointment of a trustee: however, in those cases which do, the U.S. Trustee oversees the appointed trustee's handling of the case and, for good cause, can seek the removal or replacement of the trustee.