Oklahoma Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank and First Trust Advisors, L.P.

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9034
• Format: Word; Rich Text

Description

Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank and First Trust Advisors, L.P. dated January 4, 2000. 18 pages The Oklahoma Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. refers to a legal contract that establishes the parameters and responsibilities for managing a trust account in the state of Oklahoma. This agreement sets out the terms, conditions, and obligations that all parties involved must adhere to when dealing with trust funds. Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. act as the primary entities involved in this trust agreement. Nike Securities, L.P. may typically serve as the settler or granter of the trust, providing the initial assets or funds for the trust's establishment. The Chase Manhattan Bank, on the other hand, assumes the role of the trustee, responsible for managing and safeguarding the assets within the trust. First Trust Advisors, L.P. acts as the advisor, offering guidance on investment decisions, asset allocation, and overall trust management strategies. Under the Oklahoma Trust Agreement, several crucial aspects are outlined. These may include but are not limited to: 1. Trust Purpose: The agreement defines the purpose or objectives of the trust, whether it's for wealth preservation, efficient estate planning, charitable causes, or any other specific financial goals. 2. Asset Management: The agreement outlines the responsibilities of Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. in monitoring, investing, diversifying, and managing the trust assets for the beneficiaries' benefit. 3. Distribution Guidelines: The agreement stipulates the rules and criteria for distributing income, principal, or other beneficial interests to the designated beneficiaries. This ensures that the beneficiaries receive their entitlements according to the trust's intended purpose. 4. Reporting and Accounting: The trust agreement mandates periodic reporting and accounting of the trust's financial activities. It requires accurate record-keeping, statements, and tax reporting ensuring transparency and accountability. 5. Jurisdiction and Governing Law: This section specifies that the trust agreement is governed by Oklahoma law and establishes the jurisdiction and venue for any disputes that may arise. It's important to note that the specifics of an Oklahoma Trust Agreement may vary depending on the unique circumstances, objectives, and preferences of the parties involved. Different types of Oklahoma Trust Agreements may exist, such as revocable trusts, irrevocable trusts, testamentary trusts, special needs trusts, and more. The precise classification of the trust agreement depends on various factors, including the granter's intentions and the beneficiaries' needs. In summary, the Oklahoma Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. is a legally binding contract that governs the management and administration of a trust account. This agreement ensures efficient asset management, proper distribution to beneficiaries, and adherence to relevant laws and regulations.

The Oklahoma Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. refers to a legal contract that establishes the parameters and responsibilities for managing a trust account in the state of Oklahoma. This agreement sets out the terms, conditions, and obligations that all parties involved must adhere to when dealing with trust funds. Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. act as the primary entities involved in this trust agreement. Nike Securities, L.P. may typically serve as the settler or granter of the trust, providing the initial assets or funds for the trust's establishment. The Chase Manhattan Bank, on the other hand, assumes the role of the trustee, responsible for managing and safeguarding the assets within the trust. First Trust Advisors, L.P. acts as the advisor, offering guidance on investment decisions, asset allocation, and overall trust management strategies. Under the Oklahoma Trust Agreement, several crucial aspects are outlined. These may include but are not limited to: 1. Trust Purpose: The agreement defines the purpose or objectives of the trust, whether it's for wealth preservation, efficient estate planning, charitable causes, or any other specific financial goals. 2. Asset Management: The agreement outlines the responsibilities of Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. in monitoring, investing, diversifying, and managing the trust assets for the beneficiaries' benefit. 3. Distribution Guidelines: The agreement stipulates the rules and criteria for distributing income, principal, or other beneficial interests to the designated beneficiaries. This ensures that the beneficiaries receive their entitlements according to the trust's intended purpose. 4. Reporting and Accounting: The trust agreement mandates periodic reporting and accounting of the trust's financial activities. It requires accurate record-keeping, statements, and tax reporting ensuring transparency and accountability. 5. Jurisdiction and Governing Law: This section specifies that the trust agreement is governed by Oklahoma law and establishes the jurisdiction and venue for any disputes that may arise. It's important to note that the specifics of an Oklahoma Trust Agreement may vary depending on the unique circumstances, objectives, and preferences of the parties involved. Different types of Oklahoma Trust Agreements may exist, such as revocable trusts, irrevocable trusts, testamentary trusts, special needs trusts, and more. The precise classification of the trust agreement depends on various factors, including the granter's intentions and the beneficiaries' needs. In summary, the Oklahoma Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. is a legally binding contract that governs the management and administration of a trust account. This agreement ensures efficient asset management, proper distribution to beneficiaries, and adherence to relevant laws and regulations.