A Mississippi Trust Agreement is a legal document that establishes a fiduciary relationship between Dean Witter Reynolds, Inc. and The Bank of New York for the management and administration of the Select Equity Trust. This agreement outlines the rights, responsibilities, and obligations of the parties involved, ensuring the proper execution of the trust. Key terms in this Mississippi Trust Agreement include: 1. Trustee: The Bank of New York, designated as the trustee, responsible for managing the assets and investments of the Select Equity Trust according to the provisions outlined in the agreement. 2. Granter: Dean Witter Reynolds, Inc., the entity that creates the trust and transfers the assets to the trustee for the benefit of the beneficiaries. 3. Beneficiaries: The individuals or entities named in the agreement who will ultimately receive the benefits or income generated by the trust. The beneficiaries could be shareholders or investors in the Select Equity Trust. 4. Trust Assets: The assets contributed by Dean Witter Reynolds, Inc. to the trust, which can include securities, stocks, bonds, or other investment instruments. The agreement may also specify any limitations or conditions on the types of assets that can be included. 5. Investment Powers: The trust agreement will delineate the investment powers granted to the trustee, specifying the authority to buy, sell, or manage the trust assets. These powers may be subject to certain legal limitations or specific investment guidelines. 6. Distribution of Income: The agreement should outline how the income or proceeds generated by the trust assets will be distributed among the beneficiaries. This section may specify the timing, frequency, and methods for distributing the income, such as through dividends or reinvestment. It's important to note that the specific variations of the Mississippi Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust may differ depending on the unique circumstances and requirements of each trust. These variations could include specific provisions related to tax planning, asset allocation, or other specialized elements. Overall, the Mississippi Trust Agreement serves as a crucial legal document that establishes the framework for the management and administration of the Select Equity Trust. It ensures transparency, accountability, and adherence to the agreed-upon terms and conditions for the benefit of the trust's beneficiaries.
Mississippi Trust Agreement Reference Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust
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How to fill out Mississippi Trust Agreement Reference Trust Agreement Between Dean Witter Reynolds, Inc. And The Bank Of New York Regarding Select Equity Trust?
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