trustee

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trustee

A person entrusted to perform a particular task.

trustee

Vox populi A person entrusted to perform a particular task. See Health information.
References in periodicals archive ?
112 allow trustees to delegate investment functions to an agent who is not a co-trustee by following the procedures set forth therein, but these statutes also allow the delegating trustee to be held liable for actions of the agent if the delegating trustee did not properly select the agent, monitor the agent's performance or results, or give proper written notice of the delegation to the trust beneficiaries, as set forth in [section]518.
If there are three co-trustees, the logistics become even more complex.
He resigned as co-trustee of the charitable trust the following month.
A special co-trustee can have responsibilities limited to the power to remove and replace a trustee.
In my own case, I named a professional advisor and a colleague at work to serve as co-trustees.
As required by the Indenture (the "Indenture"), dated May 18, 2007, by and among the Company and The Bank of New York Mellon, as successor in interest to The Bank of New York, as Trustee ("Trustee") and the Co-Trustee named therein, the Company offered to each Holder the right to sell (the "Put Option"), upon the terms and subject to the conditions set forth in the Indenture, the Notes, for cash, to the Company.
Robert Syms, Marcy's brother and co-trustee of the foundation has been a mission supporter for over 20 years.
According to the co-trustee, Jack Stickney, some pounds 17,000 of Mrs Griffiths' cash was used to invest in International Business Machines stock - or as it is now better known, IBM.
Richard can serve as co-trustee to authorize expenditures for Robert's special needs.
To avoid some or all of these potential problems, you should discuss the possibility of naming a financial institution or trust company to serve as sole trustee, or as co-trustee.
Saltzman served as co-trustee of the trust and was also a director of the company whose stock he transferred.