Trust Investments. Funds held in a fiduciary capacity shall be invested according to the instrument establishing the fiduciary relationship and according to law. Where such instrument does not specify the character and class of investments to be made and does not vest in the Association a discretion in the matter, funds held pursuant to such instrument shall be invested in investments in which corporate fiduciaries may invest under law. Section 7.5.
Appears in 3 contracts
Samples: First Industrial Realty Trust Inc, Quality Food Centers Inc, Coleman Worldwide Corp
Trust Investments. Funds held in a fiduciary capacity shall be invested according to the instrument establishing the fiduciary relationship and according to law. Where such instrument does not specify the character and class of investments to be made and does not vest in the Association a discretion in the matter, funds held pursuant to such instrument shall be invested in investments in which corporate fiduciaries may invest under law. Section 7.5.
Appears in 2 contracts
Samples: Kentucky Utilities Co, Centerpoint Properties Trust
Trust Investments. Funds held in a fiduciary capacity shall be invested according to the instrument establishing the fiduciary relationship and according to local law. Where such instrument does not specify the character and class of investments to be made and does not vest in the Association a discretion in the matter, funds held pursuant to such instrument shall be invested in investments in which corporate fiduciaries may invest under local law. Section 7.5.
Appears in 1 contract
Samples: Plan of Reorganization and Agreement of Merger (Pontotoc Bancshares Corp)
Trust Investments. Funds held in a fiduciary capacity shall be invested according to the instrument establishing the fiduciary relationship and according to local law. Where such instrument does not specify the character and class of investments to be made and does not vest in the Association association a discretion in the matter, funds held pursuant to such instrument shall be invested in investments in which corporate fiduciaries may invest under local law. Section 7.5.
Appears in 1 contract
Trust Investments. Funds held in a fiduciary capacity shall be ----------------- invested according to in accordance with the instrument establishing the fiduciary relationship and according to governing law. Where such instrument does not specify the character and class of investments to be made and does not vest in the Association a discretion in the matter, funds held pursuant to such instrument shall be invested in investments in which corporate fiduciaries may invest under law. Section 7.5the laws of the State of Missouri and the decisions of its courts.
Appears in 1 contract
