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Topic: Trustee

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In the News (Sun 21 Jul 19)

  The Student Trustee
The student trustee is a fully vested member of the board with all rights, responsibilities and privileges (IC 20-12-23-2) accorded to all trustees.
The student trustee is a fully vested member of the board with all rights, responsibilities and privileges accorded to all trustees.
The student trustee is expected to participate in nine board meetings a year, serve on board committees, take part in various university functions and ceremonies, and complete any assigned projects.
www.indiana.edu /~trustees/student.shtml   (873 words)

  Trustee - Wikipedia, the free encyclopedia
The word trustee is a legal term that refers to a member of a trust, which can be set up for any of a variety of purposes, and is entrusted with the administration of property on behalf of others.
The trustee carries the fiduciary responsibility and liability to use the trust assets for the benefit of the beneficiary according to the rules of the trust instrument.
In the case of charities in the UK, a trustee is an unpaid volunteer who undertakes fiduciary responsibilites on behalf of the charity, subject to the provisions of the Charities Act 1993, which is regulated by the Charity Commission.
en.wikipedia.org /wiki/Trustee   (285 words)

 New Georgia Encyclopedia: Trustee Georgia, 1732-1752
The Trustees did not want to appoint a single governor because the king in council had to approve the appointment of governors, and the Trustees preferred to keep control in their hands.
One of the absent Indians died of smallpox, despite the ministrations of the eminent physician Sir Hans Sloane, and was buried by his grieving comrades in the burial plot of St. John's in Westminster.
The Trustees intended to permit further assemblies, but the failure of Parliament to vote a subsidy in 1751 caused the Trustees to enter into negotiations to turn the colony over to the government a year before the charter expired.
www.georgiaencyclopedia.org /nge/Article.jsp?id=h-816&pid=s-70   (2160 words)

Trustees may, by leave of the court, purchase the estate and effects of the testator or intestate, or the trust property, or a part of it, subject to those directions that the court may make in relation to the sale, and matters incident to it, and subject to confirmation by the court.
A trustee shall not be liable for breach of trust by reason only of the trustee's continuing to hold an investment which has stopped being an investment authorized by the instrument of trust or by the general law.
A trustee appointed by the court shall, as well before as after the trust property becomes by law or by assurance, or otherwise, vested in the trustee, have the same powers, authorities and discretions and may act as if he or she had been originally appointed a trustee by the instrument creating the trust.
www.hoa.gov.nl.ca /hoa/statutes/t10.htm   (3949 words)

(5) A trustee who complies with the requirements of subsection (3) is not liable to the beneficiaries or to the trust for the decisions or actions of the agents to whom the function was delegated.
(b) the trustee, executor or administrator is not be liable for the proceeds of the estate or assets, or any part of them, so distributed to persons of whose claim and residence or address the trustee did not have notice at the time of the distribution.
87 (1) The trustee, executor or administrator, acting on the opinion, advice or direction given by the court, is deemed, so far as regards his or her own responsibility, to have discharged his or her duty as trustee, executor or administrator in the subject matter of the application.
www.qp.gov.bc.ca /statreg/stat/T/96464_01.htm   (7073 words)

According to the present discipline, the fabric of the church is distinct from the foundation of the benefice, and sometimes the fabric, in addition to the goods destined for the upkeep of divine worship, possesses also schools and eleemosynary institutions (S.C.C., 27 Apr., 1895, in caus.
All lay trustees must be approved by the bishop, and he retains the right of removing them and of overseeing the details of their administration.
When the laws of the organization give control of matters to the board of trustees, the majority of the members of the church cannot control the action of the trustees contrary to the uses and regulations of the church.
www.newadvent.org /cathen/15071b.htm   (947 words)

 Legal Definition of Trustee
The trust estate is not subject to the specialty or judgment debts of the trustee, to the dower of his wife, or the curtesy of the hushand of a female trustee.
With respect to the duties of trustees, it is held, in conformity to the old law of uses, that pernancy of the profits, execution of estates, and defence of the land, are the three great properties of a trust, so that the courts of chancery will compel trustees, 1.
It has been judiciously remarked that in a great variety of cases, it is not easy to say what the duty of a trustee is; and that therefore, it often becomes indispensable for him, before he acts, to seek, the aid and direction of a court of equity.
www.lectlaw.com /def2/t057.htm   (230 words)

 trustee Definition
The trustee is legally obliged to make all trust-related decisions with the trustee's interests in mind, and may be liable for damages in the event of not doing so.
Trustees may be entitled to a payment for their services, if specified in the trust deed.
In the specific case of the bond market, a trustee administers a bond issue for a borrower, and ensures that the issuer meets all the terms and conditions associated with the borrowing.
www.investorwords.com /5086/trustee.html   (243 words)

 Trustee Eligibility
A person may be disqualified from acting as a charity trustee under the provisions of Section 72 of the Charities Act 1993 in a number of circumstances, including being an undischarged bankrupt or having an unspent conviction for certain criminal offences.
The trustees of all charities involved were reminded of the circumstances which render individuals ineligible to act as a charity trustee.
Acting as a trustee whilst disqualified may be a criminal offence under Section 73 of the Charities Act 1993 and the Commission has discretion to report offences to the appropriate authorities.
www.charity-commission.gov.uk /investigations/inquiryreports/trust.asp   (1004 words)

 The Personal Health Information Act
8(2) A trustee who transfers a request under subsection (1) shall notify the individual of the transfer as soon as possible, and the trustee to whom the request is transferred shall respond to it as promptly as required in the circumstances but no later than 30 days after receiving it.
11(2) A trustee who refuses to permit personal health information to be examined or copied under subsection (1) shall, to the extent possible, sever the personal health information that cannot be examined or copied and permit the individual to examine and receive a copy of the remainder of the information.
63(4) No trustee or information manager shall be found to have contravened clause (3)(a) or (b) if the trustee or information manager can establish that he or she took all reasonable steps to prevent the contravention.
web2.gov.mb.ca /laws/statutes/ccsm/p033-5e.php   (8548 words)

 Legal Dictionary
The trustee manages and administers the property, actual ownership is shared between the trustee and the beneficiary and all the profits go to the
A trustee usually has full management and administration rights over the property but these rights must always be exercised to the full advantage of the beneficiary.
There is no legal impediment for a trustee to also be a beneficiary of the same property.
www.fifthdistrictcourt.com /dictionary/dict-t.htm   (1214 words)

 [No title]   (Site not responding. Last check: 2007-09-26)
a person or entity who holds the assets (corpus) of a trustee for the benefit of the beneficiaries and manages the trust and its assets under the terms of the trust stated in the declaration of trust which created it.
In many "living trusts" the creator of the trust (trustor, settlor) names himself/herself (or themselves) as the original trustee who will manage the trust until his/her death when it is taken over by a successor trustee.
In some trusts, such as a "charitable remainder unitrust," the trustee must be independent and therefore cannot be the creator of the trust.
dictionary.law.com /definition2.asp?selected=2171&bold=||||   (119 words)

 Public Trustee
The Public Trustee is a person appointed by the Commissioner of the Northwest Territories who, if required, will manage the money, land, and other belongings of people who die or who are incapable of handling their financial affairs.
The Public Trustee must be appointed by a judge of the Supreme Court of the Northwest Territories to administer the estate unless the net value of the estate is under $10,000.
The Public Trustee will take charge of the belongings, make sure that the outstanding bills are paid (if there are funds in the estate to pay them) and ensure that the family, or other persons who are entitled to inherit from the estate, receive their inheritances.
www.justice.gov.nt.ca /PublicTrustee/publictrustee.htm   (663 words)

 33-811 - Payment of bid; trustee's deed
If the sale is continued, the trustee shall provide notice of the continuation of the sale by registered or certified mail, with postage prepaid, to all bidders who provide their names, addresses and telephone numbers in writing to the party conducting the sale.
The trustee shall execute and deliver the trustee's deed to the purchaser within seven business days after receipt of payment by the trustee or the trustee's agent made in a form that is satisfactory to the trustee.
The trustee's deed shall raise the presumption of compliance with the requirements of the deed of trust and this chapter relating to the exercise of the power of sale and the sale of the trust property, including recording, mailing, publishing and posting of notice of sale and the conduct of the sale.
www.azleg.state.az.us /ars/33/00811.htm   (708 words)

 Trustee   (Site not responding. Last check: 2007-09-26)
The trustee serves three primary objectives: (1) to collect all county property taxes and personal property taxes; (2) to keep a fair regular account of all money received; and (3) to invest temporarily idle funds.
A third important function of the county trustee is managing the cash flow of the county and, in some cases, investing idle cash funds.
The trustee should work with the county finance committee to ensure that investments are made according to state law and produce the maximum yield of earnings with the highest degree of safety.
www.williamsoncounty-tn.gov /williamson/live/info.asp?page_m=1499&page_s=1493   (341 words)

 TrusteE-Training - North Suburban Library System   (Site not responding. Last check: 2007-09-26)
Trustees play a crucial role in providing library and information services to people in the state of Illinois.
Responsibilities of a trustee include promoting the mission of the library, setting appropriate policies for library services, advocating for library issues, appropriating and spending public funds and hiring qualified staff.
Trustee Training is a project of the North Suburban Library System, Wheeling, Illinois, funded in part by the DuPage Library System, Geneva, Illinois.
www.nsls.info /ce/trustees   (416 words)

 Boston University Admissions - Trustee Scholar Program
Trustee Scholars are selected from students who have been nominated by principals and headmasters of high schools throughout the world.
Trustee Scholars form their own unique community at Boston University, participating in a range of intellectual, cultural, and social activities.
Trustee Scholars and distinguished members of the University—including Nobel prize winners, prominent authors, and esteemed scholars—gather informally every other week at 25 Lenox Street, a Victorian house that is a home away from home for the Trustee Scholars, to participate in a discussion about myriad topics.
www.bu.edu /admissions/trustee/index.html   (236 words)

 trustee main
The County Trustee's Office acts as Treasurer for all of the funds of Montgomery County Government, including the Clarksville-Montgomery County School System.
In this capacity, the County Trustee's Office is bound by law to collect all county property taxes, keep a fair regular account of all money received for County Government and invest temporarily idle County funds.
The Trustee's office receives the tax roll, prints notices and mails them by October 1st of each year.
www.montgomerycountytn.org /county/trustee/trustee_main.htm   (251 words)

 Bankruptcy Trustee Bonds
We know that time is very critical as the trustee is not allowed to take control of the bank accounts and other assets until the bond is posted with the court.
CHAPTER 13 and 12 TRUSTEE BONDS may be written on either an individual or blanket trustee basis.
The second type of bond contains one large aggregate of total trustee exposures of which the trustees "float" within that amount and all have the same coverage.
www.adams-levine.com /bankruptcy_trustee_bonds.htm   (223 words)

 Chapter 13 Bankruptcy Trustees on the Web
Louisiana - Eastern District Chapter 13 Trustee - Sterling J. Beaulieu, Jr.
Nebraska - District of Nebraska Chapter 13 Trustee - Kathleen A. Laughlin (Omaha)
Texas - Western District Chapter 13 Trustee - Marion A. Olson, Jr.
www.bestcase.com /trustees13.htm   (1601 words)

 ALA | Trustee Citation Nomination Form
The ALA Trustee Citation, established in 1941 to recognize public library trustees for distinguished service to library development, symbolizes and honors the best contributions and efforts of the estimated 60,000 American citizens who serve on library boards.
Trustee service may have been performed on the local, state, regional or national level or at a combination of levels.
Equal consideration is given to trustees of small, medium and large public libraries.Citations may not be awarded when there is no sufficiently outstanding achievement brought to the attention of the ALTA Jury on Trustee Citations.
www.ala.org /ala/alta/altaawards/trusteecitation/altatrusteecitation.htm   (351 words)

 Bankruptcy Chapter 13: What is the role of the Chapter 13 trustee? (ABA Division for Public Education)
You submit your plan to the court and a Chapter 13 trustee, who is appointed by the United States Trustee to handle Chapter 13 cases.
With that in mind, the trustee will want to be sure that your plan provides enough for you to live on, but will also challenge expenses that are unreasonably high.
Since the trustee's recommendation will carry considerable weight with the court, it pays to be honest and open with the information that you provide.
www.abanet.org /publiced/practical/bankruptcy13_trusteerole.html   (227 words)

 U.S. Trustee Program/Dept. of Justice
The United States Trustee Program is the component of the Department of Justice responsible for overseeing the administration of bankruptcy cases and private trustees under 28 U.S.C. § 586 and 11 U.S.C. § 101, et seq.
It consists of an Executive Office for U.S. Trustees (EOUST) in Washington, DC; 21 regional U.S. Trustees; and 95 field offices.
The Director of the Executive Office for United States Trustees recently issued its first annual Report to Congress on the Program's criminal referral activity for fiscal year 2006.
www.usdoj.gov /ust   (424 words)

Members of the trustee's staff are currently reviewing situations concerning Customer Equipment located at the EMCEE facility.
The Trustee is continuing his investigation of the financial affairs of the company and is in discussions with the secured creditor to ensure that a distribution may be available to unsecured creditors.
The Trustee inspected and secured the premises of the company.
www.uslawcenter.com /trustee/EMCEE.htm   (343 words)

 33-809 - Request for copies of notice of sale; mailing by trustee; disclosure of information regarding trustee sale
C. The trustee, within five business days after the recordation of a notice of sale, shall mail by certified or registered mail, with postage prepaid, a copy of the notice of sale to each of the persons who were parties to the trust deed except the trustee.
The trustee, or any other person furnishing information pursuant to this subsection to the trustee, shall not be subject to liability for any error or omission in providing the information requested, except for the wilful and intentional failure to provide information in the trustee's actual possession.
G. In providing information pursuant to subsections E and F of this section, the trustee, without obligation or liability for the accuracy or completeness of the information, may respond to oral requests, respond orally or in writing or provide additional information not required by such subsections.
www.azleg.state.az.us /ars/33/00809.htm   (683 words)

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