Initial Trustees definition
Examples of Initial Trustees in a sentence
The Initial Trustees shall establish the initial Series and Classes of each Series by written unanimous consent.
Upon execution of this Declaration of Trust or a counterpart hereof or some other writing in which the undersigned accepts such Trusteeship(s) and agrees to the provisions hereof, the undersigned(s) whose signature(s) is (are) affixed hereto as Initial Trustee(s) shall become the Initial Trustee(s) hereof.
The Initial Trustees direct, and the Trustees acknowledge, that the Trustees hold the Trust Fund upon the trusts and with the powers set out in this deed.
The Initial Trustees shall appoint additional or substitute Trustees at an organizational meeting of Trustees.
By the original Declaration of Trust, the Settlor appointed the Initial Trustees (as defined in the original Declaration of Trust) as Trustees.