Fiduciary Responsibility definition

Fiduciary Responsibility means the trustee(s) will manage the endowment care fund in accordance with RCW 11.100.020.
Fiduciary Responsibility means those operational and administrative duties required to be performed by fiduciaries pursuant to the provisions of Part 4 of Title I of ERISA.
Fiduciary Responsibility means the obligation of the affected individual or entity to perform the duties and responsibilities herein assigned to them plus providing full, frank disclosures without misrepresentation or omission of relevant facts, undertaking representation of the Foundation with care, trust, confidentiality and honesty, acting with fidelity and loyalty in the interests of the Foundation and refraining from self-dealing or advising the Foundation of any situation in which they or a related entity have an interest.

Examples of Fiduciary Responsibility in a sentence

  • Fiduciary responsibility for the Board’s invested assets is pursuant to AS 37.10.210-390.AS 37.10.071 provides that investments shall be made with the judgment and care under circumstances then prevailing that an institutional investor of ordinary professional prudence, discretion, and intelligence exercises in managing large investment portfolios.Treasury provides staff for the Board.

  • Fiduciary responsibility and procedural process.2. Developing investment policy guidelines and designing investment manager structures.3. Implementing investment policies.4. Evaluating and controlling an investment program.

  • Although the aims in clause 1(4) could be considered to be legitimate aims under Article 8.2, we note that questions of the relevance and effectiveness of the Register and ID cards system in addressing these concerns, would be highly relevant to an assessment of compliance with Article 8.

  • Fiduciary responsibility for the Board’s Invested Assets is pursuant to Alaska Statutes 37.10.210-390.Alaska Statute 37.10.071 provides that investments shall be made with the judgment and care under circumstances then prevailing that an institutional investor of ordinary professional prudence, discretion, and intelligence exercises in managing large investment portfolios.Treasury provides staff for the Board.

  • Notwithstanding any provisions of this Plan Document and Summary Plan Description to the contrary, the Plan Sponsor has the authority to, and hereby does, allocate certain Fiduciary responsibility to Claim DOC LLC (the Decision Maker or “DM”).

  • As a Fiduciary, you acknowledge and understand (i) you owe the Protected Person a legal Fiduciary responsibility and (ii) your legal obligations as a Fiduciary and as more fully set forth in the Michigan Estates and Protected Individuals Code, Social Security Administration Rules and Regulations, or the Department of Veterans Affairs Rules and Regulations, as the case may be, to care for the Protected Person’s or Estate’s property, including funds held on deposit in the Credit Union.

  • The Fiduciary responsibility allocated to the DM is limited to discretionary authority and ultimate decision-making authority with respect to any appeals of denied Claims, which shall be referred to the DM by the Plan Administrator (the “Referred Appeals”).

  • Fiduciary responsibility for assets of the Trust Fund invested in the Retirement Benefits Investment Fund remains with the Trustees and not with the Retirement Benefits Investment Board.

  • Fiduciary responsibility is defined as a relationship imposed by law where someone has voluntarily agreed to act in the capacity of a "caretaker" of another's rights, assets and/or well being.

  • They will have a Fiduciary responsibility that places both legal and moral obligations on their actions.


More Definitions of Fiduciary Responsibility

Fiduciary Responsibility means the duty owed to an Elder to use the Elder’s monetary funds and assets for the best interest of the Elder. A fiduciary responsibility shall apply to any individual or other legal entity that obtains possession or control of the assets of an Elder;
Fiduciary Responsibility means the exercise of discretionary authority or control over Fund management or any authority or control over the management, disposition or administration of the Fund assets.
Fiduciary Responsibility means a legal obligation of a fiduciary (Executive member) to act in the best interest of the Organization as in the Executive is entrusted with the reputation, care of money and property of the organization;
Fiduciary Responsibility means an ethical obligation, for a person who has the power and authority, to act in the public interest to a high standard of diligence, responsibility, and honesty;
Fiduciary Responsibility means in this context? Are you bound to consider questions about socially responsible investing? How do you pick these 28 funds?
Fiduciary Responsibility means and refers to the legal responsibility of the Directors of The Association to act in the best interests of The Association and its Members in managing the monies, The Properties and the affairs of The Association, in good faith, and with such care as an ordinarily prudent person would use under similar circumstances in a like position, as required by Section 53-8-25.1 of the New Mexico Nonprofit Corporation Act and the provisions of the New Mexico Homeowner Association Act [NMSA 1978 § 47-16-1, et seq.]. It also means to not exploit the position of Director of TheAssociation for personal gain or advantage nor to act on behalf of The Board or Association without the knowledge and consent of The Board.

Related to Fiduciary Responsibility

  • Fiduciary has the meaning set forth in ERISA Sec. 3(21).

  • parental responsibility , in relation to a child, means all the duties, powers, responsibilities and authority which, by law, parents have in relation to children.

  • Named Fiduciary means the Fiduciary or Fiduciaries named herein or in the Adoption Agreement who jointly or severally have the authority to control and manage the operation and administration of the Plan.

  • Responsibility means a duty for which a person is accountable by virtue of licensure.

  • Fiduciary Account means an account in which the lawyer deposits fiduciary property.

  • Plan Fiduciary As defined in Section 5.3(o).

  • Independent Fiduciary means an independent fiduciary who will serve as a fiduciary to the Plan in accordance with Article 3 that has no relationship or interest in any of the Settling Parties and is mutually agreed to by the Settling Parties.