Oakland Michigan 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
• County: Oakland
• 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 Oakland Michigan Trust Agreement is a legally binding document that outlines the terms and conditions of the trust relationship between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. This agreement serves as a framework for the management and administration of assets and investments held in trust. Under this agreement, Nike Securities, L.P. acts as the granter of the trust, entrusting The Chase Manhattan Bank and First Trust Advisors, L.P. as the trustees. The trustees are responsible for carrying out the fiduciary duties, protecting and growing the assets held in the trust to benefit the beneficiaries. These trusts can be categorized into two types: revocable and irrevocable. A revocable trust allows the granter or the trust or to make changes or revoke the trust at any time during their lifetime. On the other hand, an irrevocable trust is set in stone and cannot be modified or revoked without the consent of the beneficiaries. The Oakland Michigan Trust Agreement ensures that the trustees manage the assets in accordance with the granter's wishes, following the trust's purpose and guidelines. It sets forth the investment strategies, distribution rules, and provisions for the transfer of assets. Additionally, it outlines the roles and responsibilities of both the trustees and beneficiaries, as well as the procedures for resolving any disputes that may arise. Keywords: Oakland Michigan Trust Agreement, Nike Securities, L.P., The Chase Manhattan Bank, First Trust Advisors, L.P., revocable trust, irrevocable trust, granter, trustee, fiduciary duties, assets, investments, beneficiaries, management, administration, distribution rules, investment strategies, transfer of assets, roles, responsibilities, disputes.

The Oakland Michigan Trust Agreement is a legally binding document that outlines the terms and conditions of the trust relationship between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. This agreement serves as a framework for the management and administration of assets and investments held in trust. Under this agreement, Nike Securities, L.P. acts as the granter of the trust, entrusting The Chase Manhattan Bank and First Trust Advisors, L.P. as the trustees. The trustees are responsible for carrying out the fiduciary duties, protecting and growing the assets held in the trust to benefit the beneficiaries. These trusts can be categorized into two types: revocable and irrevocable. A revocable trust allows the granter or the trust or to make changes or revoke the trust at any time during their lifetime. On the other hand, an irrevocable trust is set in stone and cannot be modified or revoked without the consent of the beneficiaries. The Oakland Michigan Trust Agreement ensures that the trustees manage the assets in accordance with the granter's wishes, following the trust's purpose and guidelines. It sets forth the investment strategies, distribution rules, and provisions for the transfer of assets. Additionally, it outlines the roles and responsibilities of both the trustees and beneficiaries, as well as the procedures for resolving any disputes that may arise. Keywords: Oakland Michigan Trust Agreement, Nike Securities, L.P., The Chase Manhattan Bank, First Trust Advisors, L.P., revocable trust, irrevocable trust, granter, trustee, fiduciary duties, assets, investments, beneficiaries, management, administration, distribution rules, investment strategies, transfer of assets, roles, responsibilities, disputes.