The Michigan Trust Indenture and Agreement is a legally binding document that establishes the terms and conditions between John Naveen and Co., Inc. and Chase Manhattan Bank in relation to the Naveen Tax Free Unit Trust, Series 1140. This agreement is specifically designed for Michigan residents seeking to invest in tax-exempt securities. Under this trust indenture and agreement, John Naveen and Co., Inc. acts as the trustee, responsible for managing the assets and representing the interests of the unit holders. Chase Manhattan Bank, on the other hand, serves as the paying agent, responsible for distributing the income generated by the trust to the unit holders. The agreement outlines various important details including the objective and investment policies of the trust, the types of securities that can be included in the portfolio, and the dividend payment procedures. It also specifies the rights and responsibilities of both parties involved, and the procedures for amending or terminating the trust. The Naveen Tax Free Unit Trust, Series 1140, is tailored for Michigan residents and offers tax advantages for individuals subject to Michigan state income tax. The agreement ensures compliance with Michigan state laws and regulations governing tax-exempt investment vehicles. It's important to note that while the Naveen Tax Free Unit Trust, Series 1140, is the specific focus of this Michigan Trust Indenture and Agreement, there may be variations or different series available under similar agreements. These may include other Naveen tax-free unit trusts tailored for different states or regions, such as the Naveen Tax Free Unit Trust, Series 1150 for Illinois residents, or the Naveen Tax Free Unit Trust, Series 1160 for California residents. In conclusion, the Michigan Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank for the Naveen Tax Free Unit Trust, Series 1140, provides a comprehensive framework for Michigan residents to invest in tax-exempt securities, while ensuring compliance with state laws and regulations.
Michigan Trust Indenture and Agreement between John Nuveen and Co., Inc. and Chase Manhattan Bank regarding terms and conditions for Nuveen Tax Free Unit Trust, Series 1140
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How to fill out Michigan Trust Indenture And Agreement Between John Nuveen And Co., Inc. And Chase Manhattan Bank Regarding Terms And Conditions For Nuveen Tax Free Unit Trust, Series 1140?
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