Resulting trust definition

Resulting trust means a trust that arises in favor of the settlor or the settlor’s successor’s interest on the failure of an express trust in whole or in part.
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Resulting trust means a trust that arises in favor of the settlor or the settlor’s successor’s
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Resulting trust means a statutory trust formed as a consequence of a division (6) “Surviving trust” means a dividing trust that survives the division.
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Examples of Resulting trust in a sentence

  • Grounds for refusing an order under Part IV – Resulting trust – paras.

  • The conditioning of the transfer of twenty-five per- cent or more of the outstanding shares or participation shares of a class of voting securities of a state trust company on the transfer of twenty-five percent or more of the outstanding shares of a class of voting securities of another state trust company or other company.(3) "Merger" includes consolidation.(4) "Merging trust company" means a party to a merger.(5) "Resulting trust company" means the trust company resulting from a merger.

  • The Bonds are expected to have a maturity of years from the date of issuance and the Term Loans are expected to have a term of years.

  • Resulting trust Automatic resulting trust Failure of express of trust Invalid trust provisions Failure to dispose of entire beneficial interest Surplus funds (Abbott; Barrett): Whether settlor intended an outright gift subject to condition or a gift to effect a purpose ( surplus held on trust).

  • SIGNATURES Signature Title /s/ Carl Firth, Ph.D. Carl Firth, Ph.D.Chief Executive Officer (principal executive officer) /s/ Kiran Asarpota Kiran AsarpotaChief Operating Officer(principal financial and accounting officer) /s/Andrew Howden* Andrew HowdenChairman /s/ Kathleen M.

  • Resulting trust arises - houses result back to testator's estate.According to deed, daughter M had a bare power of selection.

  • Resulting trust – an implied-in-fact trust based on the presumed intent of the parties.

  • Resulting trust - a slight misnomer▪ Equitable interest created through occurrence of resulting trust– Cannot have prop going to someone who has not owned property—no Equitable interest pre-existing creation of resulting trust / before transfer occurs▪ resulting trust → “jumps up” in favour of beneficiary B.

  • The site is bordered by a Papa John’s Pizza to the east, other commercial uses to the west, the Post Office and West Valley City Animal Shelter across the street to the north, and a church to the south.

  • Probationary and permanent employees who transfer to a classification in another series or in another department may be required by the department head to start a new probationary period.


More Definitions of Resulting trust

Resulting trust means a statutory trust formed as a consequence of a division
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Related to Resulting trust

  • Income trust means a trust or an entity, including corporate and non-corporate entities, the securities of which entitle the holder to net cash flows generated by an underlying business or income-producing properties owned through the trust or by the entity;

  • Litigation Trust means the trust to be established on the Plan Implementation Date at the time specified in section 6.4(p) in accordance with the Litigation Trust Agreement pursuant to the laws of a jurisdiction that is acceptable to SFC and the Initial Consenting Noteholders, which trust will acquire the Litigation Trust Claims and will be funded with the Litigation Funding Amount in accordance with the Plan and the Litigation Trust Agreement.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Litigation Trust Agreement means the trust agreement dated as of the Plan Implementation Date, between SFC and the Litigation Trustee, establishing the Litigation Trust.