Lima Arizona Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. refers to a legally binding document that outlines the terms and conditions of a trust agreement entered into by these three entities. This agreement is designed to manage and govern the trust assets held by Nike Securities, L.P. and provide specific instructions on how they should be handled, invested, and distributed. The Lima Arizona Trust Agreement serves as a framework through which Nike Securities, L.P. and its designated trustees, The Chase Manhattan Bank and First Trust Advisors, L.P., work together to ensure the proper management of the assets. It establishes the roles and responsibilities of each party involved, as well as the rights and obligations they possess. This trust agreement is typically designed to protect the interests of the beneficiaries, who may be individuals, organizations, or charities named by the granter. It outlines the rules for distribution of income and principal, investment strategies, and guidelines for making investment decisions on behalf of the trust. The Lima Arizona Trust Agreement may have different variations or types depending on the specific requirements and objectives of the granter. Some examples include: 1. Lima Arizona Revocable Trust Agreement: This type of trust agreement allows the granter, in this case, Nike Securities, L.P., to make modifications, amendments, or even revoke the trust during their lifetime. It provides flexibility and control to the granter over the trust assets. 2. Lima Arizona Irrevocable Trust Agreement: This agreement, once established, cannot be modified or revoked without the consent of all parties involved. It offers more security and asset protection for the beneficiaries, as the granter surrenders control over the assets. 3. Lima Arizona Testamentary Trust Agreement: This type of trust agreement becomes effective upon the granter's death and is established through their will. It aims to control the distribution of assets after the granter's passing according to their wishes. In summary, the Lima Arizona Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. is a comprehensive legal document that outlines the terms and conditions for the effective administration of trust assets. Different types of this agreement, such as revocable, irrevocable, and testamentary trusts, may exist depending on the granter's intent and specific circumstances.
Pima Arizona Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank and First Trust Advisors, L.P.
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