trust provision definition

Found insideMost striking is the definition provided for a trust in Article X.–1:201 DCFR. This provision defines a trust as “a legal relationship in which a trustee is ... Found inside – Page 4257the trust in a preceding taxable year shall be included in the income of a ... ( relating to definition of gross income ) or any other provision of this title ... Found inside – Page 54See Sample Exchange Trust Agreement , Miscellaneous Provision , 9 ( b ) . ... California law clearly excludes from the definition of trust any arrangement ... Found insidesuccessor statute thereto (the “1940 Act”), any trustee who is not an “interested person” (as such term is defined below) of the statutory trust; provided ... Found inside – Page 31An imperfect trust provision contained ( t ) in a trust instrument taking effect before the said date ( u ) is to be treated as ... the definition of imperfect trust provision since the trust property could not be used exclusively for charitable purposes ... Found inside – Page 84The term “ annuity amount " means the amount described in paragraph ( a ) ( 1 ) ... A trust is not a charitable remainder trust if the provisions of the trust ... Found inside – Page 363The key definition in the Act for the purposes of the statutory charging provisions is therefore that of 'acting in a professional capacity' and is provided ... Found inside – Page 355This paper reviews trust from both a social and technological perspective and ... of both of these within the context of on- and offline trust provision. Found inside – Page 802An identical provision defining “ mutual investment companies " was ... the board of Massachusetts Investors Trust , in support of the foregoing provisions ... Found inside – Page 192As regards the 1958 Act point he said ([1979]1 WLR130 at 142): I turn therefore to consider whether the object defined by clause 3(1) is charitable under ... Found inside – Page 243248(1), definition of 'tax-indifferent investor', paras. (c) and (e); see also the deeming provision relating to discretionary trusts in s. 149.2(11)). Found inside – Page 346The second limitation is effected through the setting up of public goods — for example, provision by the government of defence or health services ... Found inside – Page 210“ Indenture to be qualified ” ( 9 ) means the indenture in respect of which a ... This provision is of particular importance in connection with the ... Found inside – Page 221This , in turn , means that careful lawyers , accountants and fiduciaries will accompany all income tax returns filed by estates , testamentary trusts and ... Found inside – Page 85The provision covers also several other exchange funds which had taken ... where the trust would be an “ investment company ” ( within the meaning of sec . Found inside – Page 313POUR-OVER PROVISION 313 the broadest of senses, a tax-exempt organization, ... 47]. pooled income fund A “pooled income fund” is a trust to which charitable ... Found inside24 While the term 'rent' is not defined in Division 6C or any other part ... In 2008, the Public Trading Trust provisions were modified to update the ... Found inside – Page 942( 1 ) and I turn to the question whether this gift is an “ imperfect trust provision " within the definition of that phrase in subs . ( 1 ) because , unless it is an “ imperfect trust “ provision as so defined , it cannot be saved by the provisions of 10 subs . Found insidePrincipal and income law ( this index ) principal place of administration of trust , defined , 17200 , 17350 et seq ... split - interest trust , defined , 16100 standard of care , trustee's , 16040 et seq . surviving spouse , revocable trust provisions to ... Found inside – Page 87... which Mr. Norton says is “ to all “ intents and language ” a case of “ criminal breach of trust ” as defined in Clause 386 . 497. Found inside – Page 30( 4 ) “ trust or restricted lands " means lands , title to which is held by the ... pursuant to authority under a provision of this Act , determines to have ... Found inside – Page 26860 The provision's definitions of the terms wages , employment , and ... there is created within the Treasury of the United States a trust fund known ... Found insideCommittee on Ways and Means. treatment of charitable contributions between S corporation shareholders and partners in a partnership . The provision would be ... Found inside – Page 479Definition of an investment company The European Community's Second Company Law Directive provided that special provisions should apply to distributions ... Found inside – Page 368a is necessary for the new provisions of the value of trust assets ... The an allocation of capital gains to income defined as a unitrust amount or is ... Found insideA Step-by-Step Guide to Administering a Living Trust Liza Hanks, ... Trust, sample of overview applicable state law provision Declaration Definition ... Found inside – Page 7ANNOTATIONS REGARDING SAMPLE INTER VIVOS CHARITABLE REMAINDER UNITRUST - TWO LIVES ... The trust must meet the definition of , and function exclusively as ... Found inside – Page 50This Act validates what it calls “ imperfect trust provisions ' contained in instruments taking effect before 16 December 1952. An imperfect trust provision means ... any provision declaring the objects for which property is to be held or applied ... Found insideL. 100-647 , § 1014 ( g ) ( 7 ) , in closing provisions , inserted at end “ If any transfer of property to a trust would be a direct skip but for this ... Found insideLifetime exemption of deceased spouse definition of example of exemption ... Trusts conflict-resolution provisions in co-trustee designation provision in ... Found inside – Page 130The proposed change to the testamentary trust definition is intended to ... The subsection should be carefully reviewed to ensure the provision is not ... Found inside – Page 104“ United States persons , ” a definition added to the code by the foreign trust provision in this bill ( sec . 7 ) , means a citizen or resident of the ... Found inside – Page 204A trustee , who may receive compensation for his services , is not the person designated to receive a direct and tangible benefit from the trust , and , therefore , is not a beneficiary . The heading provision's definition of beneficiary is similar to ... Found inside – Page 88Under the provision , a cash balance plan is a defined benefit plan under which the accrued benefit is determined by reference to a hypothetical ... Found inside – Page 1082The administration of the trust , in acExcept as provided in this section , the cordance with the state statute defining income to be PART 26 - GENERATION ... Found inside – Page xxiiIn In re Trust of Richardson1 the Supreme Court stated that the common definition of the word issue as applied ... Form 15 is a general definitions clause. Found inside – Page 1059972 392 ESTATES AND TRUSTS — Continued Gross Estate - Trust Corpus Power of ... in provision for payment to net income beneficiary would have same meaning ... Found inside – Page 521The Keilmans argue that the foregoing deed of trust provision specifically required FSB to advertise the sale by means other than posting, ... Found inside – Page 41276The Final Regulation In general , the Department has adopted the provisions relating to group trusts , bank common and collective trust funds and insurance ... Found inside – Page 482Re Gulbenkian's Settlement involved a power, not a trust, ... If a donor...directs trustees to make some specified provision for 482 Defined interests. Found inside – Page 32... 643 relating to definitions applicable to certain estate and trust provisions . ... to definition of distributable net income contained in section 643 . Found inside – Page 184The Welsh specialist definition set has not been updated since its ... request for clarification of North Bristol NHS Trust's arrangements for the provision ... Found inside – Page 31... that shaped and defined the nature of charitable trusts and corporations had ... or as the result of an imperfect trust provision; the legal meaning of ... Found inside – Page 41The first provided that Carl's two brothers, Leonard and Roy, ... must the court interpret the language of the documents according to its ordinary meaning? Found inside – Page 340Committee on Ways and Means. Subcommittee on Oversight. The complexity of this provision and the incredible burden that it places upon trust companies and ... Found inside – Page 287It was urged that section 2 of the Charitable Trusts ( Validation ) Act , 1954 , clearly envisaged a valid " imperfect trust provision , " and that there could not be any such valid provision unless the word “ purposes ” in the definition in section 1 ( 1 ) ... Found inside – Page 7The foregoing definition shall not derogate from the authority of the ... to be followed by any such company , as provided in sections 8 , 30 , and 31 . Found inside – Page 387Hearings Before the Committee on Ways and Means, House of Representatives, ... E. Revocable Trust Provision Certain Grantor Trusts Treated As Estates ... Found inside – Page 1001TRUSTS . Marital trust . Marital trust provided that widower was to receive income generated by trust and , in discretion of trustee , to receive distributions from ... Trust instrument itself provided its own definition of both “ principal ” and " corpus .

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