New Mexico Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9075
• Format: Word; Rich Text

Description

Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank dated December 29, 1999. 14 pages New Mexico Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank is a legal document that outlines the terms and conditions of a trust agreement established between the two entities in the state of New Mexico. This agreement is designed to provide a framework for the management and administration of assets held in trust by Prudential Securities Incorporated, a leading investment firm, with The Chase Manhattan Bank acting as the trustee. The purpose of this agreement is to ensure that the assets held in trust are properly safeguarded and managed in accordance with the laws and regulations of the state of New Mexico. It establishes the roles and responsibilities of both parties involved, outlining the specific duties and obligations of Prudential Securities Incorporated as the granter and The Chase Manhattan Bank as the trustee. This New Mexico Reference Trust Agreement may include multiple types, depending on the nature and purpose of the trust established. Some different types of trust agreements that may be covered under this agreement include: 1. Revocable Trust Agreement: This type of trust agreement allows the granter to retain control and ownership of the assets held in trust during their lifetime. The trust can be modified or revoked at any time by the granter. 2. Irrevocable Trust Agreement: In contrast to a revocable trust, this type of agreement cannot be modified or revoked by the granter once it is established. The assets held in trust are permanently transferred to the trustee, and the terms of the trust are irrevocable. 3. Testamentary Trust Agreement: This agreement comes into effect upon the granter's death and is established based on the instructions outlined in their will. It ensures that the assets are managed and distributed according to the specifications specified in the granter's last testament. 4. Charitable Trust Agreement: This type of trust agreement is established with the intention of benefiting charitable organizations or causes. The assets held in trust are managed by the trustee, and the income or principal is distributed to designated charities or used for charitable purposes. By entering into this New Mexico Reference Trust Agreement, Prudential Securities Incorporated and The Chase Manhattan Bank form a legally binding relationship to effectively manage and preserve the assets held in trust. The document serves as a guide for both parties involved, establishing clear guidelines for asset management, distribution, accounting, and reporting. Overall, this agreement promotes transparency, trust, and adherence to the law while providing a comprehensive framework for the management and protection of assets held in trust in the state of New Mexico.

New Mexico Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank is a legal document that outlines the terms and conditions of a trust agreement established between the two entities in the state of New Mexico. This agreement is designed to provide a framework for the management and administration of assets held in trust by Prudential Securities Incorporated, a leading investment firm, with The Chase Manhattan Bank acting as the trustee. The purpose of this agreement is to ensure that the assets held in trust are properly safeguarded and managed in accordance with the laws and regulations of the state of New Mexico. It establishes the roles and responsibilities of both parties involved, outlining the specific duties and obligations of Prudential Securities Incorporated as the granter and The Chase Manhattan Bank as the trustee. This New Mexico Reference Trust Agreement may include multiple types, depending on the nature and purpose of the trust established. Some different types of trust agreements that may be covered under this agreement include: 1. Revocable Trust Agreement: This type of trust agreement allows the granter to retain control and ownership of the assets held in trust during their lifetime. The trust can be modified or revoked at any time by the granter. 2. Irrevocable Trust Agreement: In contrast to a revocable trust, this type of agreement cannot be modified or revoked by the granter once it is established. The assets held in trust are permanently transferred to the trustee, and the terms of the trust are irrevocable. 3. Testamentary Trust Agreement: This agreement comes into effect upon the granter's death and is established based on the instructions outlined in their will. It ensures that the assets are managed and distributed according to the specifications specified in the granter's last testament. 4. Charitable Trust Agreement: This type of trust agreement is established with the intention of benefiting charitable organizations or causes. The assets held in trust are managed by the trustee, and the income or principal is distributed to designated charities or used for charitable purposes. By entering into this New Mexico Reference Trust Agreement, Prudential Securities Incorporated and The Chase Manhattan Bank form a legally binding relationship to effectively manage and preserve the assets held in trust. The document serves as a guide for both parties involved, establishing clear guidelines for asset management, distribution, accounting, and reporting. Overall, this agreement promotes transparency, trust, and adherence to the law while providing a comprehensive framework for the management and protection of assets held in trust in the state of New Mexico.