Harris Texas Amendment to Trust Agreement Agreement between Polaris Industries, Inc. and Fidelity Management Trust Company

State:
Multi-State
County:
Harris
Control #:
US-EG-9324
Format:
Word; 
Rich Text
Instant download

Description

First Amendment to Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Company dated May 15, 1999. 7 pages. The Harris Texas Amendment to Trust Agreement is a legal document that serves as an addendum to the original trust agreement between Polaris Industries, Inc. and Fidelity Management Trust Company. This agreement outlines specific modifications, provisions, or updates that need to be made to the existing trust agreement, primarily in relation to the trust assets, responsibilities, and conditions. In the context of Polaris Industries, Inc. and Fidelity Management Trust Company, it is important to note that there may be different types of Harris Texas Amendment to Trust Agreements, such as: 1. Modification of Trustee: This type of amendment deals with changes in the designated trust officer or trustee responsible for managing the assets and overseeing the trust agreement on behalf of Polaris Industries, Inc. and Fidelity Management Trust Company. It may include appointing a new trustee or removing an existing one. 2. Alteration of Trust Terms: This type of amendment focuses on revising specific terms or provisions within the trust agreement that require adjustments to better align with the intentions or changing circumstances of Polaris Industries, Inc. and Fidelity Management Trust Company. This could include modifications to distribution schedules, beneficiary designations, or other related conditions. 3. Addition or Removal of Assets: When Polaris Industries, Inc. intends to include or exclude certain assets in their trust agreement, this type of amendment is necessary. It allows for the inclusion or exclusion of specific property, investments, or other assets within the trust, altering the overall composition of the trust assets. 4. Change in Beneficiary Designation: If there is a need to modify the beneficiaries named in the trust agreement, a Harris Texas Amendment to Trust Agreement can be executed. This amendment clarifies the updated beneficiaries' identities, their share allocations, as well as any conditions or restrictions imposed on their distributions. 5. Change in Distributions: This type of amendment entails modifying the distribution scheme or rules related to the disbursement of assets from the trust. It may address issues like adjusting distribution percentages, changing payout timelines, or modifying the order in which beneficiaries receive their distributions. 6. Revocation or Termination: In certain cases, Polaris Industries, Inc. and Fidelity Management Trust Company may decide to revoke or terminate the trust agreement altogether. This kind of amendment would formally dissolve the trust and details the procedures for closing out the trust's affairs and distributing the remaining assets. These various types of amendments provide flexibility and allow Polaris Industries, Inc. and Fidelity Management Trust Company to adapt the trust agreement as needed, reflecting changing circumstances, goals, or preferences. It is always important to consult legal professionals familiar with trust law to ensure the correct execution of any amendments while complying with the Harris Texas jurisdiction's regulations and requirements.

The Harris Texas Amendment to Trust Agreement is a legal document that serves as an addendum to the original trust agreement between Polaris Industries, Inc. and Fidelity Management Trust Company. This agreement outlines specific modifications, provisions, or updates that need to be made to the existing trust agreement, primarily in relation to the trust assets, responsibilities, and conditions. In the context of Polaris Industries, Inc. and Fidelity Management Trust Company, it is important to note that there may be different types of Harris Texas Amendment to Trust Agreements, such as: 1. Modification of Trustee: This type of amendment deals with changes in the designated trust officer or trustee responsible for managing the assets and overseeing the trust agreement on behalf of Polaris Industries, Inc. and Fidelity Management Trust Company. It may include appointing a new trustee or removing an existing one. 2. Alteration of Trust Terms: This type of amendment focuses on revising specific terms or provisions within the trust agreement that require adjustments to better align with the intentions or changing circumstances of Polaris Industries, Inc. and Fidelity Management Trust Company. This could include modifications to distribution schedules, beneficiary designations, or other related conditions. 3. Addition or Removal of Assets: When Polaris Industries, Inc. intends to include or exclude certain assets in their trust agreement, this type of amendment is necessary. It allows for the inclusion or exclusion of specific property, investments, or other assets within the trust, altering the overall composition of the trust assets. 4. Change in Beneficiary Designation: If there is a need to modify the beneficiaries named in the trust agreement, a Harris Texas Amendment to Trust Agreement can be executed. This amendment clarifies the updated beneficiaries' identities, their share allocations, as well as any conditions or restrictions imposed on their distributions. 5. Change in Distributions: This type of amendment entails modifying the distribution scheme or rules related to the disbursement of assets from the trust. It may address issues like adjusting distribution percentages, changing payout timelines, or modifying the order in which beneficiaries receive their distributions. 6. Revocation or Termination: In certain cases, Polaris Industries, Inc. and Fidelity Management Trust Company may decide to revoke or terminate the trust agreement altogether. This kind of amendment would formally dissolve the trust and details the procedures for closing out the trust's affairs and distributing the remaining assets. These various types of amendments provide flexibility and allow Polaris Industries, Inc. and Fidelity Management Trust Company to adapt the trust agreement as needed, reflecting changing circumstances, goals, or preferences. It is always important to consult legal professionals familiar with trust law to ensure the correct execution of any amendments while complying with the Harris Texas jurisdiction's regulations and requirements.

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Harris Texas Amendment to Trust Agreement Agreement between Polaris Industries, Inc. and Fidelity Management Trust Company