Delaware Statutory Trust Act definition

Delaware Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code.

Delaware Statutory Trust Act means the provisions of the Delaware Statutory Trust Act, 12 Del. C. § 3801, et. seq., as such Act may be amended from time to time.

Delaware Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq., as it may be amended from time to time.

Examples of Delaware Statutory Trust Act in a sentence

• On dissolution of the Issuer, any remaining Trust Property will be distributed to the holder of the Residual Interest, and on completion of the windup, the Owner Trustee will cause the Certificate of Trust to be cancelled by preparing, executing and filing a certificate of cancellation as required by the Delaware Statutory Trust Act.

• On dissolution of the Issuer, the Owner Trustee, at the direction of the Administrator, will wind up the activities and affairs of the Issuer as required by Section 3808 of the Delaware Statutory Trust Act.

• The Issuer must have at least one trustee that meets the requirements of Section 3807(a) of the Delaware Statutory Trust Act.

• The Owner Trustee will have the rights, powers and obligations in this Agreement and in the Delaware Statutory Trust Act for accomplishing the purposes of the Issuer and engaging in any activity required or authorized by this Agreement or the other Transaction Documents.

• The Owner Trustee is a banking association satisfying Section 3807(a) of the Delaware Statutory Trust Act and meets the eligibility requirements of Section 9.1.

More Definitions of Delaware Statutory Trust Act

Delaware Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq., or any successor statute thereto, in each case as amended from time to time.

Delaware Statutory Trust Act means Chapter 38 of Title 12, Part V of the Delaware Code, entitled “Treatment of Delaware Statutory Trusts.”

Delaware Statutory Trust Act shall have the meaning set forth in Section 2.01.

Delaware Statutory Trust Act means the Delaware Statutory Trust Act, as amended.

Delaware Statutory Trust Act has the meaning specified in the Trust Agreement.

Delaware Statutory Trust Act means the provisions of the Delaware Statutory Trust Act, 12 Del. C. § 3801, et seq., as such Act may be amended from time to time.

Delaware Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code ss. 3801 ET SEQ., or any successor statute thereto, in each case as amended from time to time.