Interested Trustee definition

Interested Trustee means any trustee of a Plan who is also (a) an officer, director, trustee, partner or employee of, or who owns, controls, or holds power to vote 5% or more of the outstanding voting securities of, (i) any Insured (other than such Plan), or (ii) any Affiliated Entity, or (iii) any Fund to which such Insured or any Affiliated Entity provides any services, or (b) an Insured or an Affiliated Entity.
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Interested Trustee means any of the following:
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Interested Trustee means a Trustee of a Fund who is an "interested person" of the Fund within the meaning of the Investment Company Act.
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Examples of Interested Trustee in a sentence

  • The Trustees (excluding, however, any Interested Trustee) shall apportion to the trusts under this section a reasonable share of the unallocated expenses of all trusts under this Agreement, in a manner consistent with the applicable Internal Revenue Code and Treasury Regulations.

  • The Trustees shall distribute to any one or more of the Settlor's descendants as much of the net income and principal of the trust as the Trustees (excluding, however, any Interested Trustee) may from time to time determine, in such amounts or proportions as the Trustees (excluding, however, any Interested Trustee) may from time to time select, for any purpose.

  • The Trustees may fill any vacancies; provided, however, that no person may be appointed to serve as an Interested Trustee unless he has been nominated by at least one Interested Trustee (or, if there is no Interested Trustee, then by the most senior officer of the Trust who is an “interested person” of the Trust, as defined in the 1940 Act).

  • With respect to any trust, an "Interested Trustee" is a Trustee who is (i) a transferor of property to the trust, including a person whose qualified disclaimer resulted in property passing to the trust; or (ii) a person who is, or in the future may be, eligible to receive income or principal pursuant to the terms of the trust.

  • The Trustees (excluding, however, any Interested Trustee) may allocate receipts and disbursements to income or principal in such manner as the Trustees (excluding, however, any Interested Trustee) shall determine, even though a particular allocation may be inconsistent with otherwise applicable state law.


More Definitions of Interested Trustee

Interested Trustee means any or all of the following:
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Interested Trustee means a trustee of the Trusts who is also an Interested Person.
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Interested Trustee means (i) an individual trustee to whom the net income or principal of the trust can currently be distributed or would be distributed if the trust were then to terminate and be distributed, (ii) any trustee who may be removed and replaced by an interested distributee, or (iii) an individual trustee whose legal obligation to support a beneficiary may be satisfied by distributions of income and principal of the trust.
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Interested Trustee means an interested person who serves as a Trustee of the Fund
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Interested Trustee means a Trustee who is an “interested person” as defined in Section 2(a)(19) of the Investment Company Act.
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Interested Trustee means any trustee of a Plan who is also (a) an officer, director, trustee, partner or employee of, or who owns, controls, or holds power to vote 5% or more of the outstanding voting securities of, (i) any Insured (other than such Plan), or
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Interested Trustee means a trustee of Lincoln Variable Insurance Products Trust or a manager of Lincoln National Variable Annuity Fund A who is an interested person within the meaning of Section 2(a)(19) of the Act. An "Independent Trustee" is a trustee of Lincoln Variable Insurance Products Trust Fund or a manager of Lincoln National Variable Annuity Fund A who is not an Interested Trustee.
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