Statutory Trust Act definition

Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq., as the same may be amended from time to time.

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Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq., as it may be amended from time to time, or any successor legislation.

Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. § 3801, et seq., as such act may be amended from time to time.

Examples of Statutory Trust Act in a sentence

Notwithstanding anything herein or in the Statutory Trust Act to the contrary, it is the intention of the parties hereto that the Issuer constitute a “business trust” within the meaning of Section 101(9)(A)(v) of the Bankruptcy Code.
THIS CERTIFICATE OF TRUST of Exeter Automobile Receivables Trust 2026-2 (the “Trust”) is being filed to form a statutory trust under the Delaware Statutory Trust Act (12 Del.
To the extent that, at law or in equity, the Owner Trustee has duties (including fiduciary duties) and liabilities relating thereto to the Issuer or the Certificateholders, it is hereby understood and agreed by the other parties hereto that all such duties and liabilities are replaced by the duties and liabilities of the Owner Trustee expressly set forth in this Agreement and the Statutory Trust Act.
Upon dissolution of the Issuer, the Administrator shall wind up the business and affairs of the Issuer as required by Section 3808 of the Statutory Trust Act.
The Investment Adviser shall be entitled to advances from the Portfolio for payment of the reasonable expenses incurred by it in connection with the matter as to which it is seeking indemnification in the manner and to the fullest extent permissible under the Delaware Statutory Trust Act.

More Definitions of Statutory Trust Act

Statutory Trust Act means Chapter 615 of Title 34 of the Connecticut General Statutes, Sections 500, et seq. as may be amended from time to time.

Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq., as the same may be amended from time to time.

Statutory Trust Act has the meaning specified in the recitals to this Trust Agreement.

Statutory Trust Act means Chapter 615 of Title 34 of the Connecticut General Statutes, 34 C.G.S. Section 500 et seq., as it may be amended from time to time, or any successor legislation.

Statutory Trust Act has the meaning given to such term in Recital C.

Statutory Trust Act means the Delaware Statutory Trust Act, 12 Del. C. § 3801 et seq.

Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq., as it may be amended from time to time, or any successor legislation. "Successor Delaware Trustee" has the meaning set forth in Section 5.7(b)(ii).