Fiduciary Responsibility definition

Fiduciary Responsibility means the trustee(s) will manage the endowment care fund in accordance with RCW 11.100.020.
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Fiduciary Responsibility means those operational and administrative duties required to be performed by fiduciaries pursuant to the provisions of Part 4 of Title I of ERISA.
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Fiduciary Responsibility means the obligation of the affected individual or entity to perform the duties and responsibilities herein assigned to them plus providing full, frank disclosures without misrepresentation or omission of relevant facts, undertaking representation of the Foundation with care, trust, confidentiality and honesty, acting with fidelity and loyalty in the interests of the Foundation and refraining from self-dealing or advising the Foundation of any situation in which they or a related entity have an interest.
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Examples of Fiduciary Responsibility in a sentence

  • Fiduciary responsibility for the Board’s invested assets is pursuant to AS 37.10.210-390.AS 37.10.071 provides that investments shall be made with the judgment and care under circumstances then prevailing that an institutional investor of ordinary professional prudence, discretion, and intelligence exercises in managing large investment portfolios.Treasury provides staff for the Board.

  • Fiduciary responsibility and procedural process.2. Developing investment policy guidelines and designing investment manager structures.3. Implementing investment policies.4. Evaluating and controlling an investment program.

  • Although the aims in clause 1(4) could be considered to be legitimate aims under Article 8.2, we note that questions of the relevance and effectiveness of the Register and ID cards system in addressing these concerns, would be highly relevant to an assessment of compliance with Article 8.

  • Fiduciary responsibility for the Board’s Invested Assets is pursuant to Alaska Statutes 37.10.210-390.Alaska Statute 37.10.071 provides that investments shall be made with the judgment and care under circumstances then prevailing that an institutional investor of ordinary professional prudence, discretion, and intelligence exercises in managing large investment portfolios.Treasury provides staff for the Board.

  • Notwithstanding any provisions of this Plan Document and Summary Plan Description to the contrary, the Plan Sponsor has the authority to, and hereby does, allocate certain Fiduciary responsibility to Claim DOC LLC (the Decision Maker or “DM”).

  • As a Fiduciary, you acknowledge and understand (i) you owe the Protected Person a legal Fiduciary responsibility and (ii) your legal obligations as a Fiduciary and as more fully set forth in the Michigan Estates and Protected Individuals Code, Social Security Administration Rules and Regulations, or the Department of Veterans Affairs Rules and Regulations, as the case may be, to care for the Protected Person’s or Estate’s property, including funds held on deposit in the Credit Union.

  • The Fiduciary responsibility allocated to the DM is limited to discretionary authority and ultimate decision-making authority with respect to any appeals of denied Claims, which shall be referred to the DM by the Plan Administrator (the “Referred Appeals”).

  • Fiduciary responsibility for assets of the Trust Fund invested in the Retirement Benefits Investment Fund remains with the Trustees and not with the Retirement Benefits Investment Board.

  • Fiduciary responsibility is defined as a relationship imposed by law where someone has voluntarily agreed to act in the capacity of a "caretaker" of another's rights, assets and/or well being.

  • They will have a Fiduciary responsibility that places both legal and moral obligations on their actions.


More Definitions of Fiduciary Responsibility

Fiduciary Responsibility means the duty owed to an Elder to use the Elder’s monetary funds and assets for the best interest of the Elder. A fiduciary responsibility shall apply to any individual or other legal entity that obtains possession or control of the assets of an Elder;
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Fiduciary Responsibility means the exercise of discretionary authority or control over Fund management or any authority or control over the management, disposition or administration of the Fund assets.
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Fiduciary Responsibility means a legal obligation of a fiduciary (Executive member) to act in the best interest of the Organization as in the Executive is entrusted with the reputation, care of money and property of the organization;
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Fiduciary Responsibility means an ethical obligation, for a person who has the power and authority, to act in the public interest to a high standard of diligence, responsibility, and honesty;
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Fiduciary Responsibility means in this context? Are you bound to consider questions about socially responsible investing? How do you pick these 28 funds?
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Fiduciary Responsibility means and refers to the legal responsibility of the Directors of The Association to act in the best interests of The Association and its Members in managing the monies, The Properties and the affairs of The Association, in good faith, and with such care as an ordinarily prudent person would use under similar circumstances in a like position, as required by Section 53-8-25.1 of the New Mexico Nonprofit Corporation Act and the provisions of the New Mexico Homeowner Association Act [NMSA 1978 § 47-16-1, et seq.]. It also means to not exploit the position of Director of TheAssociation for personal gain or advantage nor to act on behalf of The Board or Association without the knowledge and consent of The Board.
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Related to Fiduciary Responsibility

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

  • Institutional Responsibilities means an Investigator’s professional responsibilities on behalf of the Institution, including activities such as research, teaching, clinical or other professional practice, academic activities, scholarly events, institutional committee memberships, and service on panels such as Institutional Review Boards or Data and Safety Monitoring Boards.

  • Official responsibility means administrative or operating authority, whether intermediate or final, to initiate, approve, disapprove or otherwise affect a procurement transaction, or any claim resulting therefrom.

  • Responsibilities means the responsibilities delegated to BNY under the Rule as a Foreign Custody Manager with respect to each Specified Country and each Eligible Foreign Custodian selected by BNY, as such responsibilities are more fully described in Article III of this Agreement.

  • Financial responsibility means the ability to respond in damages for liability thereafter incurred

  • parental responsibility , in relation to a child, means all the duties, powers, responsibilities and authority which, by law, parents have in relation to children.

  • Named Fiduciary means the Fiduciary or Fiduciaries named herein or in the Adoption Agreement who jointly or severally have the authority to control and manage the operation and administration of the Plan.

  • Responsibility means a duty for which a person is accountable by virtue of licensure.

  • Area of responsibility means the geographical area, as

  • Fiduciary Account means an account in which the lawyer deposits fiduciary property.

  • TAXPAYERS' RIGHTS AND RESPONSIBILITIES means the rights provided to taxpayers in sections 718.11 , 718.12 , 718.19, 718.23, 718.36, 718.37, 718.38, 5717.011 , and 5717.03 of the Ohio Revised Code and any corresponding ordinances of the Municipality, and the responsibilities of taxpayers to file, report, withhold, remit, and pay municipal income tax and otherwise comply with Chapter 718. of the Ohio Revised Code and resolutions, ordinances, and rules adopted by a municipal corporation for the imposition and administration of a municipal income tax.

  • Corporate Social Responsibility means Corporate Social Responsibility (CSR) as defined in Section 135 of the Companies Act, 2013 and Companies Corporate Social Responsibility Policy) Rules, 2014;

  • Customer Responsibilities means the responsibilities of the Customer set out in Call Off Schedule 4 (Implementation Plan) and any other responsibilities of the Customer in the Call Off Order Form or agreed in writing between the Parties from time to time in connection with this Call Off Contract;

  • Substantially relates means the nature of criminal conduct for which the person was convicted has a direct bearing on the fitness or ability to perform one or more of the duties or responsibilities necessarily related to the occupation; and

  • Plan Fiduciary As defined in Section 5.3(o).

  • Independent Fiduciary means an independent fiduciary who will serve as a fiduciary to the Plan in accordance with Article 3 that has no relationship or interest in any of the Settling Parties and is mutually agreed to by the Settling Parties.

  • Family relationship means a relationship between a person and another person within the third degree by consanguinity or the second degree by affinity, as those terms are defined by Subchapter B, Chapter 573, Texas Government Code.

  • Proof of financial responsibility means proof of ability to respond in damages for liability, on account of accidents occurring after the effective date of the proof, arising out of the ownership, maintenance, or use of a motor vehicle, in the amount of twenty-five thousand dollars because of bodily injury to or death of one person in any one accident, and, subject to the limit for one person, in the amount of fifty thousand dollars because of bodily injury to or death of two or more persons in any one accident, and in the amount of twenty-five thousand dollars because of injury to or destruction of property of others in any one accident.

  • extended producer responsibility ’ (EPR) means responsibility of any producer of packaging products such as plastic, tin, glass, wrappers and corrugated boxes, etc., for environmentally sound management, till end-of-life of the packaging products ;

  • Substantially Responsive Bid means the bid that contains no material differences or deviations from, or reservations to, the terms, conditions and specifications given in the bidding documents;

  • Non-bank fiduciary or agent means a fiduciary or agent other than (a) a bank, as defined in Section 3(a)(2) of the Securities Act, or (b) a savings and loan association, as defined in Section 3(a)(5)(A) of the Securities Act.

  • Role means the part or parts an Actor plays in a performance, or the "track" that an Artist follows in performance. The Artist may agree to participate in scene changes and/or supplemental business as part of their originally contracted Role.

  • Parent-subsidiary relationship means a relationship that exists when one corporation directly or indirectly owns shares possessing more than 50 percent of the voting power of another corporation.

  • Familial relationship means a person who is a spouse, domestic partner or civil union partner of a County employee or State, County or municipal official, or any person who is related to such an employee or official, whether by blood, marriage or adoption, as a: ParentChild Brother Sister Aunt UncleNiece NephewGrandparentGrandchild Father-in-law Mother-in-law Son-in-lawDaughter-in-lawBrother-in-law Sister-in-lawStepfatherStepmother StepsonStepdaughter Stepbrother Stepsister Half-brotherHalf-sister COOK COUNTY BOARD OF ETHICS FAMILIAL RELATIONSHIP DISCLOSURE FORM

  • Residual parental rights and responsibilities means all rights and responsibilities remaining with the

  • Federally related transaction means any real estate related