Oregon Trust Agreement between Insituform Southeast Corp. and Trustee

• Category: Corporations - Public - Indemnification
• State: Multi-State
• Control #: US-CC-17-176
• Format: Word; Rich Text

Description

17-176 17-176 . . . Trust Agreement under which corporation will establish and fund an irrevocable trust for payment of liabilities and expenses arising out of or relating to claims or legal proceedings to which a director or officer is made party or threatened to be made party by reason of his position with corporation or any of its subsidiaries The Oregon Trust Agreement between Insituform Southeast Corp. and Trustee is a legally binding document that outlines the terms and conditions of a trust established by Insituform Southeast Corp. The agreement serves to protect the interests of both parties involved in the trust arrangement. As per the agreement, Insituform Southeast Corp. assumes the role of the granter or trust or, while the Trustee is responsible for administering the trust and safeguarding the trust assets. The agreement specifies the responsibilities, powers, and limitations of both parties involved. There are different types of Oregon Trust Agreements that may be established between Insituform Southeast Corp. and the Trustee, including but not limited to: 1. Revocable Living Trust Agreement: This type of trust agreement allows Insituform Southeast Corp. to retain control over the trust assets during their lifetime. They have the authority to modify or revoke the trust provisions if necessary. 2. Irrevocable Trust Agreement: In this agreement, Insituform Southeast Corp. relinquishes control over the trust assets once the agreement is executed. They cannot make changes or revoke the trust without the consent of the Trustee and beneficiaries. 3. Testamentary Trust Agreement: This trust agreement is established within Insituform Southeast Corp.'s last will and testament, and it comes into effect upon their death. The trust assets are then distributed and managed according to the instructions outlined in the will. 4. Special Needs Trust Agreement: This agreement is designed to provide financial support for individuals with special needs or disabilities. Insituform Southeast Corp. creates the trust to ensure that the beneficiary's government benefits are not jeopardized while still providing supplemental assistance. 5. Charitable Trust Agreement: If Insituform Southeast Corp. wishes to donate assets to a charitable cause, this agreement allows them to establish a trust dedicated to the specific charitable purposes outlined in the agreement. The Oregon Trust Agreement between Insituform Southeast Corp. and Trustee is a comprehensive legal document that meticulously defines the rights, duties, and obligations of both parties involved in the trust relationship. It is crucial for all parties to thoroughly understand and adhere to the terms and conditions specified in the agreement to ensure a smooth and legally sound trust administration process.

The Oregon Trust Agreement between Insituform Southeast Corp. and Trustee is a legally binding document that outlines the terms and conditions of a trust established by Insituform Southeast Corp. The agreement serves to protect the interests of both parties involved in the trust arrangement. As per the agreement, Insituform Southeast Corp. assumes the role of the granter or trust or, while the Trustee is responsible for administering the trust and safeguarding the trust assets. The agreement specifies the responsibilities, powers, and limitations of both parties involved. There are different types of Oregon Trust Agreements that may be established between Insituform Southeast Corp. and the Trustee, including but not limited to: 1. Revocable Living Trust Agreement: This type of trust agreement allows Insituform Southeast Corp. to retain control over the trust assets during their lifetime. They have the authority to modify or revoke the trust provisions if necessary. 2. Irrevocable Trust Agreement: In this agreement, Insituform Southeast Corp. relinquishes control over the trust assets once the agreement is executed. They cannot make changes or revoke the trust without the consent of the Trustee and beneficiaries. 3. Testamentary Trust Agreement: This trust agreement is established within Insituform Southeast Corp.'s last will and testament, and it comes into effect upon their death. The trust assets are then distributed and managed according to the instructions outlined in the will. 4. Special Needs Trust Agreement: This agreement is designed to provide financial support for individuals with special needs or disabilities. Insituform Southeast Corp. creates the trust to ensure that the beneficiary's government benefits are not jeopardized while still providing supplemental assistance. 5. Charitable Trust Agreement: If Insituform Southeast Corp. wishes to donate assets to a charitable cause, this agreement allows them to establish a trust dedicated to the specific charitable purposes outlined in the agreement. The Oregon Trust Agreement between Insituform Southeast Corp. and Trustee is a comprehensive legal document that meticulously defines the rights, duties, and obligations of both parties involved in the trust relationship. It is crucial for all parties to thoroughly understand and adhere to the terms and conditions specified in the agreement to ensure a smooth and legally sound trust administration process.