constructive trust definition
constructive trust means a trust referred to in section 53;
constructive trust means a trust referred to in section 48;
constructive trust means a trust in which any amount, compensation and/or money You recover shall be deemed to be held for Your exclusive benefit and not commingled with other funds. Any such Constructive Trust shall be subject to an equitable lien by the Plan and any other equitable remedies available to the Plan under ERISA Section 502(a)(3) for the purpose of preserving the Plan’s right to restitution for benefits paid by the Plan on Your behalf.
More Definitions of constructive trust
constructive trust means the legal concept under which the net revenues due to the Owners shall at all time be and remain the property of the Owners and under which the Operator shall claim no interest which the Operator may have. In the event that Operator becomes insolvent, subject to a receivership, assignment for the benefit of creditors, or an Order for Relief under the Bankruptcy Code of 1978, the term "Constructive Trust" shall be construed to include a provision for release of the net revenues to the Owners upon the obtaining of any required Court approvals.
constructive trust means a trust in which any amount, compensation and/or money You recover shall be deemed to be held for Your exclusive benefit and not commingled with other funds. Any such Constructive Trust shall be subject to an