Trust Statute definition

Trust Statute 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.

Trust Statute means 12 Del. Code Section Section 3801 et. seq., as amended or supplemented from time to time.

Trust Statute means the Delaware Business Trust Act (12 Del. C., Sections 3801 et seq.), as amended.

Examples of Trust Statute in a sentence

• For avoidance of doubt, original manual signatures shall be used for execution or indorsement of writings and authentication of securities when required under the Trust Statute, the UCC or other Signature Law due to the character or intended character of the writings.

• It is the intention of the parties hereto that the Trust constitute a statutory trust under the Trust Statute and that this Agreement constitute the governing instrument of such statutory trust.

• Effective as of the date hereof, the Owner Trustee shall have all rights, powers and duties set forth herein and in ​ the Trust Statute with respect to accomplishing the purposes of the Trust.

• The Owner Trustee shall at all times be a Person satisfying the provisions of Section 3807(a) of the Trust Statute; authorized to exercise corporate trust powers; and having a combined capital and surplus of at least $50,000,000 and subject to supervision or examination by Federal or State authorities.

More Definitions of Trust Statute

Trust Statute 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. "UCC FINANCING STATEMENT" shall have the meaning set forth in Section 2.05 (c) hereof.

Trust Statute means Chapter 38 of Title 12 of the Delaware Code, 12 Del. C.ss.3801 et. seq.

Trust Statute means Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. ss.3801 ET. SEQ. -- ---