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RECORD DATES..................................................17 Section 4.", "samples": [{"hash": "kXL8ifJvg3v", "uri": "/contracts/kXL8ifJvg3v#trustee-action", "label": "Trust Instrument (WisdomTree Trust)", "score": 18.0, "published": true}, {"hash": "jP3HaV86iqG", "uri": "/contracts/jP3HaV86iqG#trustee-action", "label": "Trust Instrument (WisdomTree Trust)", "score": 18.0, "published": true}, {"hash": "9pQbkiczVyZ", "uri": "/contracts/9pQbkiczVyZ#trustee-action", "label": "Trust Instrument (WisdomTree Trust)", "score": 18.0, "published": true}], "hash": "807c33150d3cced747b7287d6c0b3d7c", "id": 5}, {"snippet_links": [{"key": "action-taken", "type": "definition", "offset": [4, 16]}, {"key": "pursuant-to-the", "type": "definition", "offset": [45, 60]}, {"key": "the-trustees", "type": "clause", "offset": [74, 86]}, {"key": "in-good-faith", "type": "clause", "offset": [87, 100]}, {"key": "this-declaration", "type": "definition", "offset": [139, 155]}, {"key": "final-and-conclusive", "type": "clause", "offset": [165, 185]}, {"key": "binding-upon", "type": "clause", "offset": [199, 211]}, {"key": "at-any-time", "type": "clause", "offset": [236, 247]}, {"key": "any-other-person", "type": "definition", "offset": [262, 278]}], "size": 3, "snippet": "Any action taken or determination made by or pursuant to the direction of the Trustees in good faith and consistent with the provisions of this Declaration shall be final and conclusive and shall be binding upon the Trust, every holder at any time of Shares and any other Person.", "samples": [{"hash": "dtaay5IfuYp", "uri": "/contracts/dtaay5IfuYp#trustee-action", "label": "Agreement and Declaration of Trust (FlexShares Trust)", "score": 22.667350769, "published": true}, {"hash": "k2Pt5ertX5x", "uri": "/contracts/k2Pt5ertX5x#trustee-action", "label": "Trust Agreement (NETS Trust)", "score": 21.0, "published": true}, {"hash": "iQKVB3N1MKo", "uri": "/contracts/iQKVB3N1MKo#trustee-action", "label": "Trust Agreement (NETS Trust)", "score": 21.0, "published": true}], "hash": "065702aa868ad81c3ae583c76111ac1d", "id": 6}, {"snippet_links": [{"key": "section-3", "type": "clause", "offset": [3, 12]}, {"key": "termination-of-the-trust", "type": "clause", "offset": [14, 38]}, {"key": "section-4", "type": "clause", "offset": [95, 104]}, {"key": "section-5", "type": "clause", "offset": [187, 196]}, {"key": "declaration-of-trust", "type": "clause", "offset": [198, 218]}, {"key": "section-6", "type": "definition", "offset": [279, 288]}], "size": 3, "snippet": "23 Section 3. Termination of the Trust......................................................23 Section 4. Reorganization................................................................24 Section 5. Declaration of Trust..........................................................25 Section 6.", "samples": [{"hash": "gasWCplruif", "uri": "/contracts/gasWCplruif#trustee-action", "label": "Trust Agreement (Hambrecht & Quist Fund Trust)", "score": 18.0, "published": true}, {"hash": "bwPspgMBuTr", "uri": "/contracts/bwPspgMBuTr#trustee-action", "label": "Restated Agreement and Declaration of Trust (Hambrecht & Quist Fund Trust)", "score": 18.0, "published": true}], "hash": "525cd946503c968d736245f0aa09044a", "id": 7}, {"snippet_links": [{"key": "trustee-shall", "type": "definition", "offset": [4, 17]}, {"key": "in-accordance-with-the-provisions-of-this-agreement", "type": "definition", "offset": [77, 128]}, {"key": "the-settlement-agreement", "type": "clause", "offset": [130, 154]}, {"key": "the-plan", "type": "clause", "offset": [160, 168]}, {"key": "for-the-purposes", "type": "clause", "offset": [222, 238]}, {"key": "good-faith-determination", "type": "clause", "offset": [311, 335]}, {"key": "by-the-trustee", "type": "clause", "offset": [336, 350]}, {"key": "best-interests", "type": "definition", "offset": [381, 395]}, {"key": "of-the-trust", "type": "clause", "offset": [396, 408]}, {"key": "approval-by", "type": "clause", "offset": [444, 455]}, {"key": "liquidating-trust-committee", "type": "definition", "offset": [460, 487]}, {"key": "required-by", "type": "definition", "offset": [492, 503]}], "size": 3, "snippet": "The Trustee shall hold, collect, conserve, protect, and administer the Trust in accordance with the provisions of this Agreement, the Settlement Agreement, and the Plan, and pay and distribute amounts as set forth therein for the purposes set forth in the Plan, the Settlement Agreement and this Agreement. Any good faith determination by the Trustee as to what actions are in the best interests of the Trust shall be determinative, subject to approval by the Liquidating Trust Committee, if required by the Plan.", "samples": [{"hash": "hKBkkdrPMqX", "uri": "/contracts/hKBkkdrPMqX#trustee-action", "label": "Liquidating Trust Agreement", "score": 26.6399726868, "published": true}], "hash": "8be2413a164308eb1d220e2c7c1f72f8", "id": 8}, {"snippet_links": [{"key": "provision-of", "type": "clause", "offset": [3, 15]}, {"key": "the-trustee", "type": "clause", "offset": [54, 65]}, {"key": "any-action", "type": "definition", "offset": [78, 88]}, {"key": "relating-to", "type": "definition", "offset": [89, 100]}, {"key": "sole-discretion", "type": "definition", "offset": [165, 180]}, {"key": "fiduciary-responsibilities", "type": "clause", "offset": [251, 277]}], "size": 2, "snippet": "No provision of Sections 6.5(g) and (h) shall prevent the Trustee from taking any action relating to its duties under such Sections if the Trustee determines in its sole discretion that such action is necessary in order for the Trustee to fulfill its fiduciary responsibilities under ERISA.", "samples": [{"hash": "cF6TUF63oLW", "uri": "/contracts/cF6TUF63oLW#trustee-action", "label": "401(k) and Profit Sharing Plan Trust Agreement (Kimberly Clark Corp)", "score": 27.9075965881, "published": true}, {"hash": "4ZPAenTBBFL", "uri": "/contracts/4ZPAenTBBFL#trustee-action", "label": "401(k) and Profit Sharing Plan Trust Agreement (Kimberly Clark Corp)", "score": 21.0, "published": true}], "hash": "4f2562d085c392061e2f675aa5ebe435", "id": 9}, {"snippet_links": [{"key": "in-this-agreement", "type": "definition", "offset": [73, 90]}, {"key": "action-by", "type": "clause", "offset": [126, 135]}, {"key": "majority-of-the-trustees", "type": "clause", "offset": [138, 162]}, {"key": "the-action", "type": "definition", "offset": [232, 242]}], "size": 2, "snippet": "Wherever action on the part of the Trust or the Trustees is contemplated in this Agreement, unless otherwise provided herein, action by a majority of the Trustees, including a majority of the Unaffiliated Trustees, shall constitute the action provided for herein.", "samples": [{"hash": "7rAXBF1Kvig", "uri": "/contracts/7rAXBF1Kvig#trustee-action", "label": "Merger Agreement (American Realty Trust Inc)", "score": 18.0, "published": true}, {"hash": "5aOfxqoI3be", "uri": "/contracts/5aOfxqoI3be#trustee-action", "label": "Advisory Agreement (Eqk Realty Investors I)", "score": 18.0, "published": true}], "hash": "e5486e75bc69d4bebfbe8bb59b862754", "id": 10}], "next_curs": "ClcSUWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjMLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihd0cnVzdGVlLWFjdGlvbiMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 239, "parents": [["miscellaneous", "Miscellaneous"], ["status-of-shares-limitation-of-shareholder-liability", "Status of Shares; Limitation of Shareholder Liability"], ["additional-provisions", "Additional Provisions"], ["payment-of-expenses-by-shareholders", "Payment of Expenses by Shareholders"], ["repurchase-by-agreement", "Repurchase by Agreement"]], "children": [["", ""], ["collateral-agent", "Collateral Agent"], ["expenses", "Expenses"], ["counterparts", "Counterparts"], ["joinder", "Joinder"]], "title": "Trustee Action", "id": "trustee-action", "related": [["trustee-access", "Trustee Access", "Trustee Access"], ["trustee-action-by-written-consent", "Trustee Action by Written Consent", "<strong>Trustee Action</strong> by Written Consent"], ["committee-action", "Committee Action", "Committee Action"], ["trustee-acceptance", "Trustee Acceptance", "Trustee Acceptance"], ["indenture-trustee-consent", "Indenture Trustee Consent", "Indenture Trustee Consent"]], "related_snippets": [], "updated": "2026-04-30T06:05:53+00:00", "also_ask": ["What powers and limitations should be expressly included to protect the trustee and beneficiaries?", "How can the clause be negotiated to balance trustee discretion with beneficiary oversight?", "What are the most common legal pitfalls or ambiguities in trustee action clauses?", "How do courts typically interpret trustee action provisions in disputes?", "How does this clause compare to industry standards or statutory defaults for trustee authority?"], "drafting_tip": "Specify trustee powers, outline decision-making procedures, and set approval thresholds to ensure clarity, prevent disputes, and facilitate effective trust administration.", "explanation": "The 'Trustee Action' clause defines the authority and procedures by which a trustee may act on behalf of a trust or its beneficiaries. Typically, this clause outlines the specific powers granted to the trustee, such as making investments, distributing assets, or entering into contracts, and may set conditions or require approvals for certain actions. By clearly delineating the trustee's scope of action, this clause ensures that all parties understand the trustee's role and helps prevent disputes or unauthorized activities, thereby safeguarding the interests of the trust and its beneficiaries."}, "json": true, "cursor": ""}}