Delaware Trust Agreement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9142
• Format: Word; Rich Text

Description

Series 204 Trust Agr. btwn Van Kampen Foods, Inc., American Portfolio Evaluation Serv., Van Kampen Investment Advisory Corp., and The Bank of New York dated Jan. 6, 2000. 5 pages A Delaware Trust Agreement is a legally binding document that outlines the specific terms and conditions agreed upon between parties involved in a trust relationship. In the case of Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York, a Delaware Trust Agreement serves as a crucial contract governing their collaborative endeavors. The Delaware Trust Agreement facilitates a formal arrangement between these entities, ensuring clear guidelines are in place regarding their roles, responsibilities, and obligations within the trust framework. This agreement establishes a foundation of trust and mutual understanding, allowing the parties to work harmoniously toward shared objectives. Parties Involved: 1. Van Kampen Foods, Inc.: A reputable food corporation responsible for producing, distributing, and marketing a wide range of food products. 2. American Portfolio Evaluation Services: A reputable company specializing in investment portfolio evaluation, providing key financial insights and guidance. 3. Van Kampen Investment Advisory Corp.: A subsidiary of Van Kampen Foods, Inc. that offers investment advisory services to individuals and organizations, assisting them in making sound financial decisions. 4. The Bank of New York: A trusted financial institution with expertise in managing investment portfolios, wealth management, and providing various banking services. The Delaware Trust Agreement between these parties serves as a legally binding covenant that forms the basis of their partnership. The agreement outlines the different types of trusts involved, including: 1. Revocable Trust: This type of trust allows the granter, Van Kampen Foods, Inc., to make changes or revoke the trust during their lifetime. It provides flexibility for future modifications based on changing circumstances. 2. Irrevocable Trust: With an Irrevocable Trust, once the trust agreement is established, it cannot be altered or revoked without the consent of all parties involved. This type of trust ensures the long-term commitment and stability of the relationship. 3. Testamentary Trust: This trust becomes effective upon the death of the granter, ensuring appropriate distribution of assets, in line with their intentions, to beneficiaries, such as American Portfolio Evaluation Services or Van Kampen Investment Advisory Corp. 4. Charitable Trust: A Charitable Trust may be established, enabling Van Kampen Foods, Inc., or any of the other involved entities to contribute assets or funds towards charitable causes, aligning with their corporate social responsibility goals. The Delaware Trust Agreement covers various critical aspects, including the duration of the trust, required contributions, management and control of assets, distribution of income or profits, procedures for dispute resolution, and provisions for termination or amendment. Additionally, it addresses fiduciary duties and how the parties must act in the best interest of all parties involved. To summarize, the Delaware Trust Agreement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York establishes a formal, legally binding structure to govern their collaborative efforts, safeguarding their rights, and providing a framework for transparent decision-making and accountability. By clearly defining their roles and obligations, this trust agreement ensures efficient and effective management of assets, fostering a cohesive and prosperous partnership.

A Delaware Trust Agreement is a legally binding document that outlines the specific terms and conditions agreed upon between parties involved in a trust relationship. In the case of Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York, a Delaware Trust Agreement serves as a crucial contract governing their collaborative endeavors. The Delaware Trust Agreement facilitates a formal arrangement between these entities, ensuring clear guidelines are in place regarding their roles, responsibilities, and obligations within the trust framework. This agreement establishes a foundation of trust and mutual understanding, allowing the parties to work harmoniously toward shared objectives. Parties Involved: 1. Van Kampen Foods, Inc.: A reputable food corporation responsible for producing, distributing, and marketing a wide range of food products. 2. American Portfolio Evaluation Services: A reputable company specializing in investment portfolio evaluation, providing key financial insights and guidance. 3. Van Kampen Investment Advisory Corp.: A subsidiary of Van Kampen Foods, Inc. that offers investment advisory services to individuals and organizations, assisting them in making sound financial decisions. 4. The Bank of New York: A trusted financial institution with expertise in managing investment portfolios, wealth management, and providing various banking services. The Delaware Trust Agreement between these parties serves as a legally binding covenant that forms the basis of their partnership. The agreement outlines the different types of trusts involved, including: 1. Revocable Trust: This type of trust allows the granter, Van Kampen Foods, Inc., to make changes or revoke the trust during their lifetime. It provides flexibility for future modifications based on changing circumstances. 2. Irrevocable Trust: With an Irrevocable Trust, once the trust agreement is established, it cannot be altered or revoked without the consent of all parties involved. This type of trust ensures the long-term commitment and stability of the relationship. 3. Testamentary Trust: This trust becomes effective upon the death of the granter, ensuring appropriate distribution of assets, in line with their intentions, to beneficiaries, such as American Portfolio Evaluation Services or Van Kampen Investment Advisory Corp. 4. Charitable Trust: A Charitable Trust may be established, enabling Van Kampen Foods, Inc., or any of the other involved entities to contribute assets or funds towards charitable causes, aligning with their corporate social responsibility goals. The Delaware Trust Agreement covers various critical aspects, including the duration of the trust, required contributions, management and control of assets, distribution of income or profits, procedures for dispute resolution, and provisions for termination or amendment. Additionally, it addresses fiduciary duties and how the parties must act in the best interest of all parties involved. To summarize, the Delaware Trust Agreement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York establishes a formal, legally binding structure to govern their collaborative efforts, safeguarding their rights, and providing a framework for transparent decision-making and accountability. By clearly defining their roles and obligations, this trust agreement ensures efficient and effective management of assets, fostering a cohesive and prosperous partnership.