Harris Texas Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• County: Harris
• Control #: US-EG-9075
• Format: Word; Rich Text

Description

Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank dated December 29, 1999. 14 pages The Harris Texas Reference Trust Agreement (HT RTA) is a legally binding contract between Prudential Securities Incorporated (PSI) and The Chase Manhattan Bank (CMB), designed to facilitate financial transactions and ensure the terms and conditions of the agreement are met accurately. This document outlines the specifics of the trust agreement and the roles and responsibilities of the involved parties. The HT RTA serves as a reference trust agreement specifically pertaining to financial transactions in the state of Texas. It establishes a framework for PSI and CMB to collaborate and execute various trust-related activities within the Texas jurisdiction. Key provisions of the Harris Texas Reference Trust Agreement include: 1. Trust Establishment: The agreement defines the establishment of the trust and its specific purpose, such as managing client assets, facilitating investment activities, or administering an estate. 2. Parties Involved: It clearly identifies PSI and CMB as the involved parties, outlining their respective roles, obligations, and liabilities. PSI acts as the trustee, responsible for managing and administering the trust, whereas CMB serves as the custodian, ensuring the custody and safekeeping of the assets. 3. Terms and Conditions: The HT RTA sets forth the terms and conditions under which the trust agreement operates. It includes provisions related to compensation, fees, termination, amendment, and dispute resolution mechanisms. 4. Investment Authority: The agreement may specify the scope of PSI's authority in managing the trust's investments. This could encompass discretionary authority, allowing PSI to make investment decisions on behalf of the trust, or non-discretionary authority, where PSI requires client consent for investment choices. Additional types/variations of the Harris Texas Reference Trust Agreement between PSI and CMB may include: 1. Harris Texas Reference Retirement Trust Agreement: This variant of the agreement focuses specifically on retirement accounts, such as 401(k) plans or individual retirement accounts (IRAs). It includes provisions tailored to retirement fund management and distribution in accordance with applicable laws and regulations. 2. Harris Texas Reference Estate Trust Agreement: This type of agreement concentrates on administering estates and managing assets after an individual's death. It outlines the responsibilities of PSI and CMB in handling estate assets, paying debts, distributing inheritances, and ensuring compliance with legal requirements. 3. Harris Texas Reference Investment Trust Agreement: This agreement emphasizes the investment management aspect of the trust. It delineates the authority and responsibilities of PSI to make investment decisions on behalf of the trust, considering factors such as risk tolerance, investment objectives, and applicable regulations. Overall, the Harris Texas Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank is a comprehensive legal document that establishes a framework for cooperation and outlines the roles and obligations of the involved parties. Different variations of the agreement may further specify its application in retirement accounts, estate management, or investment purposes.

The Harris Texas Reference Trust Agreement (HT RTA) is a legally binding contract between Prudential Securities Incorporated (PSI) and The Chase Manhattan Bank (CMB), designed to facilitate financial transactions and ensure the terms and conditions of the agreement are met accurately. This document outlines the specifics of the trust agreement and the roles and responsibilities of the involved parties. The HT RTA serves as a reference trust agreement specifically pertaining to financial transactions in the state of Texas. It establishes a framework for PSI and CMB to collaborate and execute various trust-related activities within the Texas jurisdiction. Key provisions of the Harris Texas Reference Trust Agreement include: 1. Trust Establishment: The agreement defines the establishment of the trust and its specific purpose, such as managing client assets, facilitating investment activities, or administering an estate. 2. Parties Involved: It clearly identifies PSI and CMB as the involved parties, outlining their respective roles, obligations, and liabilities. PSI acts as the trustee, responsible for managing and administering the trust, whereas CMB serves as the custodian, ensuring the custody and safekeeping of the assets. 3. Terms and Conditions: The HT RTA sets forth the terms and conditions under which the trust agreement operates. It includes provisions related to compensation, fees, termination, amendment, and dispute resolution mechanisms. 4. Investment Authority: The agreement may specify the scope of PSI's authority in managing the trust's investments. This could encompass discretionary authority, allowing PSI to make investment decisions on behalf of the trust, or non-discretionary authority, where PSI requires client consent for investment choices. Additional types/variations of the Harris Texas Reference Trust Agreement between PSI and CMB may include: 1. Harris Texas Reference Retirement Trust Agreement: This variant of the agreement focuses specifically on retirement accounts, such as 401(k) plans or individual retirement accounts (IRAs). It includes provisions tailored to retirement fund management and distribution in accordance with applicable laws and regulations. 2. Harris Texas Reference Estate Trust Agreement: This type of agreement concentrates on administering estates and managing assets after an individual's death. It outlines the responsibilities of PSI and CMB in handling estate assets, paying debts, distributing inheritances, and ensuring compliance with legal requirements. 3. Harris Texas Reference Investment Trust Agreement: This agreement emphasizes the investment management aspect of the trust. It delineates the authority and responsibilities of PSI to make investment decisions on behalf of the trust, considering factors such as risk tolerance, investment objectives, and applicable regulations. Overall, the Harris Texas Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank is a comprehensive legal document that establishes a framework for cooperation and outlines the roles and obligations of the involved parties. Different variations of the agreement may further specify its application in retirement accounts, estate management, or investment purposes.