Nonfiduciary definition

Nonfiduciary means, with respect to a power of appointment, that the power of appointment is not held by a trustee in a fiduciary capacity.
Sample 1Sample 2Sample 3
Nonfiduciary means, with respect to a power of appointment, that the power is not held in a fiduciary capacity.16
Sample 1

Examples of Nonfiduciary in a sentence

  • Non-fiduciary Services are: • Assist in the education of Plan participants about general investment information and the investment alternatives available to them under the Plan.

  • Non-fiduciary fund investments can be made in securities issued by or unconditionally guaranteed by theU.

  • Non-fiduciary Services are:  Assist in the education of Plan participants about general investment information and the investment alternatives available to them under the Plan.

  • Complies with section3(a)(4)(B)(viii)(II) of the Act (15 U.S.C. 78c(a)(4)(B)(viii)(II)) regarding carrying broker activities.(e) Non-fiduciary administrators andrecordkeepers.

  • Non-fiduciary party-in-interest liability for prohibited transactions To be liable for a § 406(a) prohibited transaction, a non-fiduciary party in interest such as Great-West must have engaged in such a transaction and “have had actual or constructive knowledge of the circumstances that rendered the transaction unlawful.” Salomon, 530 U.S. at 251.

  • Non-fiduciary “trust fund” assets and activity related thereto should not be characterized as “fiduciary” or “trust” activity in general purpose financial reports of Federal entities.

  • Non-fiduciary “trust funds” are addressed by Statement of Federal Financial Accounting Standards 27, Identifying and Reporting Earmarked Funds.

  • Non-fiduciary fund investments can be made in securities issued or unconditionally guar- anteed by the U.S. Government or agencies that have a maturity of one year or less from the date of purchase and repurchase agreements guaran- teed by such securities with maturity dates of no more than 90 days from date of purchase.

  • Complies with section 3(a)(4)(B)(viii)(II) of the Act (15 U.S.C. 78c(a)(4)(B)(viii)(II)) regarding carrying broker activities.(e) Non-fiduciary administrators and recordkeepers.

  • Non-fiduciary fund investments can be made in securities issued by or unconditionally guaranteed by the U.S. Govern- ment or agencies that have a maturity of one year or less from the date of pur- chase and repurchase agreements guaranteed by such securities with maturity dates of no more than 90 days from the date of purchase.

Related to Nonfiduciary

  • Fiduciary has the meaning set forth in ERISA Sec. 3(21).

  • Independent Committee means a committee of the board of directors of the General Partner made up of directors that are “independent” of Brookfield and its Affiliates, as contemplated by applicable securities Laws;

  • Agent Professionals means attorneys, accountants, appraisers, auditors, business valuation experts, liquidation agents, collection agencies, auctioneers, environmental engineers or consultants, turnaround consultants, and other professionals and experts retained by Agent.

  • Delegate means any delegate, agent, attorney or co-trustee appointed by the Security Agent.

  • Experts means, collectively, Key Experts, Non-Key Experts, or any other personnel of the Consultant, Sub-consultant or Joint Venture member(s).

  • Other Representatives the Syndication Agents, and the Lead Arrangers.

  • Agents means, collectively, the Administrative Agent and the Collateral Agent.

  • Consultants means employees and third party contractors which SAP utilizes to provide Services to Licensee.

  • Investment Committee means the committee in charge of investment aspects of the Plan, as described in Article VII.

  • Observer means a person who is not enrolled in an Iowa medical school or osteopathic medical school, who observes care to patients in Iowa for a defined period of time and for a noncredit experience, and who is supervised and accompanied by an Iowa-licensed physician as defined in 9.2(3). An observer shall not provide or direct hands-on patient care, regardless of the observer’s level of training or supervision. The supervising physician may authorize an observer to read a chart, observe a patient interview or examination, or witness procedures, including surgery. An observer shall not chart; touch a patient as part of an examination; conduct an interview; order, prescribe or administer medications; make decisions that affect patient care; direct others in providing patient care; or conduct procedures, including surgery. Any of these activities requires licensure to practice in Iowa. An unlicensed physician observer or a medical student observer may touch a patient to verify a physical finding in the immediate presence of a physician but shall not conduct a more inclusive physical examination.

  • Independent professional advice means advice of an attorney, certified public accountant, actuary, or other licensed professional adviser.