Collin Texas Trust Agreement between Insituform Southeast Corp. and Trustee

• Category: Corporations - Public - Indemnification
• State: Multi-State
• County: Collin
• 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 Collin Texas Trust Agreement is a legal contract between Insituform Southeast Corp. and a Trustee, which establishes the terms and conditions of a trust arrangement in Collin County, Texas. This agreement defines the roles, responsibilities, and obligations of both parties involved. The main purpose of the Collin Texas Trust Agreement is to ensure that the Trustee has legal ownership and control over specific assets held in trust on behalf of Insituform Southeast Corp. The Trustee is then responsible for managing and distributing these assets according to the agreed-upon terms and conditions. Within the Collin Texas Trust Agreement, there may be different types or variations, as per the specific needs and objectives of Insituform Southeast Corp. Some examples of such agreements could include: 1. Revocable Trust Agreement: This type of trust agreement allows Insituform Southeast Corp. to make changes, modify, or cancel the trust arrangement at any given time, as circumstances might necessitate. 2. Irrevocable Trust Agreement: In contrast to a revocable trust, this type of agreement cannot be altered or revoked by Insituform Southeast Corp. without the consent of the Trustee or any other specified conditions. 3. Testamentary Trust Agreement: This agreement is established within a will and becomes effective upon the death of the person creating the trust (the Testator). Insituform Southeast Corp. sets forth detailed instructions on how their assets should be managed and distributed after their demise. 4. Living Trust Agreement: This agreement is created and takes effect during Insituform Southeast Corp.'s lifetime. It allows them to transfer assets into the trust, thereby providing continuity and control over said assets, while also avoiding probate. The Collin Texas Trust Agreement typically covers important provisions such as the identification of assets included in the trust, the powers granted to the Trustee, guidelines for the distribution or use of trust assets, provisions for potential disputes, and any other relevant legal considerations. In conclusion, the Collin Texas Trust Agreement serves as a legally-binding document that outlines the terms and conditions of a trust established between Insituform Southeast Corp. and a Trustee in Collin County, Texas. The agreement may encompass various types, including revocable, irrevocable, testamentary, and living trust agreements, depending on Insituform Southeast Corp.'s specific objectives and requirements.

The Collin Texas Trust Agreement is a legal contract between Insituform Southeast Corp. and a Trustee, which establishes the terms and conditions of a trust arrangement in Collin County, Texas. This agreement defines the roles, responsibilities, and obligations of both parties involved. The main purpose of the Collin Texas Trust Agreement is to ensure that the Trustee has legal ownership and control over specific assets held in trust on behalf of Insituform Southeast Corp. The Trustee is then responsible for managing and distributing these assets according to the agreed-upon terms and conditions. Within the Collin Texas Trust Agreement, there may be different types or variations, as per the specific needs and objectives of Insituform Southeast Corp. Some examples of such agreements could include: 1. Revocable Trust Agreement: This type of trust agreement allows Insituform Southeast Corp. to make changes, modify, or cancel the trust arrangement at any given time, as circumstances might necessitate. 2. Irrevocable Trust Agreement: In contrast to a revocable trust, this type of agreement cannot be altered or revoked by Insituform Southeast Corp. without the consent of the Trustee or any other specified conditions. 3. Testamentary Trust Agreement: This agreement is established within a will and becomes effective upon the death of the person creating the trust (the Testator). Insituform Southeast Corp. sets forth detailed instructions on how their assets should be managed and distributed after their demise. 4. Living Trust Agreement: This agreement is created and takes effect during Insituform Southeast Corp.'s lifetime. It allows them to transfer assets into the trust, thereby providing continuity and control over said assets, while also avoiding probate. The Collin Texas Trust Agreement typically covers important provisions such as the identification of assets included in the trust, the powers granted to the Trustee, guidelines for the distribution or use of trust assets, provisions for potential disputes, and any other relevant legal considerations. In conclusion, the Collin Texas Trust Agreement serves as a legally-binding document that outlines the terms and conditions of a trust established between Insituform Southeast Corp. and a Trustee in Collin County, Texas. The agreement may encompass various types, including revocable, irrevocable, testamentary, and living trust agreements, depending on Insituform Southeast Corp.'s specific objectives and requirements.