District of Columbia Trust Agreement between Insituform Southeast Corp. and Trustee

• Category: Corporations - Public - Indemnification
• State: Multi-State
• Control #: US-CC-17-176
• Format: Word; Rich Text

Description

17-176 17-176 . . . Trust Agreement under which corporation will establish and fund an irrevocable trust for payment of liabilities and expenses arising out of or relating to claims or legal proceedings to which a director or officer is made party or threatened to be made party by reason of his position with corporation or any of its subsidiaries The District of Columbia Trust Agreement is a legally binding document that establishes a fiduciary relationship between Insituform Southeast Corp. and a Trustee. This agreement outlines the terms and conditions under which the Trustee will hold and manage assets on behalf of the corporation in the District of Columbia jurisdiction. In this agreement, Insituform Southeast Corp. is the granter, while the Trustee is the entity responsible for administering the trust. The purpose of the trust may vary depending on the specific situation, but common objectives include asset protection, investment management, or estate planning. The District of Columbia Trust Agreement is a comprehensive document that covers several key areas: 1. Trust Purpose and Objectives: This section outlines the primary purpose of the trust and the specific objectives it aims to achieve. It may detail the scope of assets that will be included in the trust and the restrictions, if any, on their use or disposition. 2. Roles and Responsibilities: This section clarifies the roles and responsibilities of both the granter and the Trustee. It defines the powers and authorities granted to the Trustee to manage and make decisions regarding the assets held within the trust. 3. Trust Funding: This section specifies the initial funding of the trust, such as the assets or funds contributed by Insituform Southeast Corp. It may also include provisions for additional contributions to the trust in the future. 4. Distribution of Trust Assets: This section outlines the conditions under which the Trustee can distribute trust assets to Insituform Southeast Corp. or other designated beneficiaries. It may include rules for partial or complete termination of the trust and the distribution of assets upon such termination. 5. Trustee Compensation and Fees: This section addresses the compensation payable to the Trustee for their services. It may include a fee structure, reimbursement of expenses incurred, and methods of calculating compensation. 6. Trust Administration and Reporting: This section details the procedures for trust administration and reporting. It may include requirements for regular reporting to Insituform Southeast Corp. regarding the status of the trust assets, investment performance, and income distribution. Different types of District of Columbia Trust Agreements between Insituform Southeast Corp. and a Trustee may exist based on the specific objectives and circumstances. For instance, there could be separate agreements for asset protection trusts, charitable trusts, or revocable living trusts, each serving a distinct purpose. Overall, the District of Columbia Trust Agreement serves as a crucial legal instrument that safeguards the interests of Insituform Southeast Corp. and ensures effective asset management and protection.

The District of Columbia Trust Agreement is a legally binding document that establishes a fiduciary relationship between Insituform Southeast Corp. and a Trustee. This agreement outlines the terms and conditions under which the Trustee will hold and manage assets on behalf of the corporation in the District of Columbia jurisdiction. In this agreement, Insituform Southeast Corp. is the granter, while the Trustee is the entity responsible for administering the trust. The purpose of the trust may vary depending on the specific situation, but common objectives include asset protection, investment management, or estate planning. The District of Columbia Trust Agreement is a comprehensive document that covers several key areas: 1. Trust Purpose and Objectives: This section outlines the primary purpose of the trust and the specific objectives it aims to achieve. It may detail the scope of assets that will be included in the trust and the restrictions, if any, on their use or disposition. 2. Roles and Responsibilities: This section clarifies the roles and responsibilities of both the granter and the Trustee. It defines the powers and authorities granted to the Trustee to manage and make decisions regarding the assets held within the trust. 3. Trust Funding: This section specifies the initial funding of the trust, such as the assets or funds contributed by Insituform Southeast Corp. It may also include provisions for additional contributions to the trust in the future. 4. Distribution of Trust Assets: This section outlines the conditions under which the Trustee can distribute trust assets to Insituform Southeast Corp. or other designated beneficiaries. It may include rules for partial or complete termination of the trust and the distribution of assets upon such termination. 5. Trustee Compensation and Fees: This section addresses the compensation payable to the Trustee for their services. It may include a fee structure, reimbursement of expenses incurred, and methods of calculating compensation. 6. Trust Administration and Reporting: This section details the procedures for trust administration and reporting. It may include requirements for regular reporting to Insituform Southeast Corp. regarding the status of the trust assets, investment performance, and income distribution. Different types of District of Columbia Trust Agreements between Insituform Southeast Corp. and a Trustee may exist based on the specific objectives and circumstances. For instance, there could be separate agreements for asset protection trusts, charitable trusts, or revocable living trusts, each serving a distinct purpose. Overall, the District of Columbia Trust Agreement serves as a crucial legal instrument that safeguards the interests of Insituform Southeast Corp. and ensures effective asset management and protection.