Montgomery Maryland Trust Indenture and Agreement involving John Naveen and Co., Inc. and Chase Manhattan Bank is a legally binding document that outlines the terms and conditions for the Naveen Tax Free Unit Trust, Series 1140, located in Montgomery, Maryland. This trust indenture defines the relationship between the trust or, John Naveen and Co., Inc., and the trustee, Chase Manhattan Bank, ensuring the proper management and administration of the Naveen Tax Free Unit Trust, Series 1140. Key terms and conditions addressed in the Montgomery Maryland Trust Indenture and Agreement include: 1. Trust Structure: The document elaborates on the structure of the Naveen Tax Free Unit Trust, Series 1140, specifying the rights and responsibilities of both parties involved. It defines the purpose and objectives of the trust, as well as the responsibilities related to investments, asset management, and portfolio diversification. 2. Distribution of Income: The agreement outlines the procedures and frequency of income distribution to beneficiaries. It covers aspects such as dividend distributions, interest payments, or other income generated by the trust assets. 3. Custodian Responsibilities: The trustee, Chase Manhattan Bank, is entrusted with the safekeeping of the assets held within the Naveen Tax Free Unit Trust, Series 1140. The trust indenture specifies the requirements for the custodian, including the duty to maintain accurate records and provide regular reports to the trust or. 4. Termination: The document defines the conditions under which the Naveen Tax Free Unit Trust, Series 1140, may be terminated. This includes events such as the accomplishment of the trust's purpose, expiration of the trust term, or other circumstances agreed upon by both parties. 5. Dispute Resolution: The trust indenture provides a mechanism for resolving any disputes or disagreements that may arise between John Naveen and Co., Inc. and Chase Manhattan Bank. It may establish a dispute resolution process, such as mediation or arbitration, to facilitate a fair resolution. 6. Amendment and Modification: The agreement addresses the procedures and requirements for modifying or amending the terms and conditions of the trust indenture. This ensures that any changes made to the agreement are made in accordance with the applicable laws and regulations. It is important to note that while the Montgomery Maryland Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank regarding the Naveen Tax Free Unit Trust, Series 1140, is the focal point of this description, there may be variations of this agreement specific to different series or editions of the Naveen Tax Free Unit Trust. Each trust series may have its own unique terms and conditions, customized to meet specific investment objectives and legal requirements. However, detailed information regarding these specific series is not available without further data provided.
Montgomery Maryland Trust Indenture and Agreement between John Nuveen and Co., Inc. and Chase Manhattan Bank regarding terms and conditions for Nuveen Tax Free Unit Trust, Series 1140
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