Successor Trustee definition

Successor Trustee means a successor Trustee possessing the qualifications to act as Trustee under Section 4.01.

Successor Trustee shall have the meaning set forth in Section 13.8(b) hereof.

Successor Trustee means any trustee appointed as a successor to the Trustee of the First Trust or the Trustee of the Second Trust in accordance with the terms of the First Trust Agreement or the Second Trust Agreement as applicable.

Examples of Successor Trustee in a sentence

• Removal of a Successor Trustee shall be permitted only for the convenient administration of the Trust and not for the purpose of influencing the exercise of the discretionary powers of a Successor Trustee as granted by this instrument.

• Notary Public in and for the State of My Commisio Expires: The Xxxxxx Xxxxx Xxxxx Revocable Trust By: Xxxxxxxx Xxxxx XxXxxxxxxx, Successor Trustee Date: ACKNOWLEDGMENT STATE OF ) COUNTY OF )SS) The foregoing instrument was acknowledged before me this day of , 2020, by Xxxxxxxx Xxxxx XxXxxxxxxx in her capacity as Successor Trustee of the Xxxxxx Xxxxx Xxxxx Revocable Trust.

• Section 7.01 Duties of Trustee 87 Section 7.02 Rights of Trustee 88 Section 7.03 Individual Rights of Trustee 90 Section 7.04 Trustee’s Disclaimer 90 Section 7.05 Notice of Defaults 90 Section 7.06 [Reserved] 91 Section 7.07 Compensation and Indemnity 91 Section 7.08 Replacement of Trustee 91 Section 7.09 Successor Trustee by Xxxxxx, etc.

• A Successor Trustee may be removed by the last individual to serve as Trustee; however, if that person is deceased or incapacitated, the Successor Trustee may be removed by a majority vote in interest in Trust income.

• Section 7.01 Duties of Trustee 86 Section 7.02 Rights of Trustee 87 Section 7.03 Individual Rights of Trustee 88 Section 7.04 Trustee’s Disclaimer 88 Section 7.05 Notice of Defaults 89 Section 7.06 [Reserved] 89 Section 7.07 Compensation and Indemnity 89 Section 7.08 Replacement of Trustee 90 Section 7.09 Successor Trustee by Xxxxxx, etc.

More Definitions of Successor Trustee

Successor Trustee means a Trustee that has been appointed to succeed the functions and obligations of the original or initial Trustee. The term Successor Trustee includes the preceding definition and applies to each Successor Trustee.

Successor Trustee has the meaning specified in the definition of "Trustee" in this Section 1.01.

Successor Trustee means an entity appointed in accordance with the Trust Deed to act as successor trustee;

Successor Trustee has the meaning set forth in Section 8.04 hereof.

Successor Trustee has the meaning set forth in Section 5.2(a) of this Trust Agreement.

Successor Trustee means a per- son named as a successor trustee of a trust who may act if the trustee(s) can no longer act on behalf of the trust. For further infor- mation, please see Provision 4.h. Technology. The word “technology” means any hardware, software, equipment, instrumentation, system and solution (such as our com- puter system) that enables us to maintain and manage any aspect of our Credit Union’s business, including your information, docu- ments, actions and transactions on our products and services. Terminate. The words “terminate” and “close” mean to take action to end and no longer use an account, product, service, contract or membership with us as we allow. We may note a termination by placing a “T” (for terminate) in a box on our form. For further infor- mation, please see Provisions 23. and 24.

Successor Trustee means a person, not previously serving as a co-trustee, who is to replace the departing trustee following the departing trustee's resignation or removal.