Money held in trust definition

Money held in trust means money maintained for the benefit of:
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Money held in trust means money maintained for the benefit of: 956 (a) one or more private individuals, including public employees;
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Money held in trust means money maintained for the benefit of: 1011 (a) one or more private individuals, including public employees; 1012 (b) one or more public or private entities; or 1013 (c) the owners of a quasi-public corporation. 1014 (7) "Public corporation" means an artificial person, public in ownership, individually 1015 created by the state as a body politic and corporate for the administration of a public purpose 1016 relating to the state or its citizens. 1017 (8) "Quasi-public corporation" means an artificial person, private in ownership, 1018 individually created as a corporation by the state which has accepted from the state the grant of 1019 a franchise or contract involving the performance of a public purpose relating to the state or its 1020 citizens. 1021 Section 4. Section 63H-3-101, which is renumbered from Section 9-3-401 is 1022 renumbered and amended to read: 1023 CHAPTER 3. UTAH SCIENCE CENTER AUTHORITY 1024 [9-3-401]. 63H-3-101. Short title. 1025 This [part] chapter is known as the "Utah Science Center Authority." 1026 Section 5. Section 63H-3-102, which is renumbered from Section 9-3-402 is 1027 renumbered and amended to read: 10281029 [9-3-402]. 63H-3-102. Legislative findings -- State purpose.(1) The Legislature finds and declares that: 1030 (a) a Utah Science Center Authority can promote science, Utah's effort in high 1031 technology, engineering, the arts, culture, Utah's unique origins, and can enhance tourism and 1032 provide a valuable educational forum, and other benefits for Utah's citizens; and 1033 (b) fostering the development of science, arts, tourism, culture, and educational 1034 facilities is a state purpose affecting the welfare of all state citizens and the growth of the 1035 economy statewide. 1036 (2) It is therefore the purpose of this [part] chapter that the state provide a means to 1037 foster the development of science, technology, engineering, arts, tourism, cultural, and
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Examples of Money held in trust in a sentence

  • Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law.

  • Money held in trust by the Trustee need not be segregated from other funds, except to the extent required by law.

  • Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law and except for money held in trust under Article 8.

  • Services will include, but not limited to, facility design, staffing recommendations, and human resource coordination.

  • Money held in trust or otherwise for the payment of notes or bonds or in any way to secure notes or bonds and deposits of money may be secured in the same manner as money of the authority.(3) The authority may enter into an interest rate exchange or swap, hedge, or similar agreement or agreements in connection with the issuance of its notes or bonds or in connection with its then outstanding notes or bonds.History: 2002, Act 49, Imd.

  • Money held in trust classified as other than trading securities, in which bank deposits are held, is excluded from the table above.

  • Money held in trust by a provider is not property of the provider or its designee.

  • Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law or the terms of the Basic Documents.

  • Money held in trust: The fair values of money held in trust are, in principle, based on the market prices of securities held in trust calculated using methods similar to the methods applied to 8) Securities.

  • Money, for the purpose of this Section only, is extended to include Money held in trust or of which You are responsible and which is not otherwise insured and shall also include any cash carrying bag used with the Transit.

Related to Money held in trust

  • Segregation of Duties means the assignment of different people in the responsibility of authorising transactions, recording transactions and maintaining custody of assets with the intention of reducing the opportunities to allow any person to be in a position to both perpetrate and conceal fraud or error due to fraud in the normal course of their duties.

  • Government Obligations means (i) securities which are (A) direct obligations of the United States of America or the government which issued the Foreign Currency in which the Securities of a particular series are payable, for the payment of which its full faith and credit is pledged or (B) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America or such government which issued the Foreign Currency in which the Securities of such series are payable, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America or such other government, which, in either case, are not callable or redeemable at the option of the issuer thereof, and (iii) a depository receipt issued by a bank or trust company as custodian with respect to any such Government Obligation or a specific payment of interest on or principal of any such Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the Government Obligation or the specific payment of interest on or principal of the Government Obligation evidenced by such depository receipt.

  • Money means a medium of exchange currently authorized or adopted by a domestic or foreign government. The term includes a monetary unit of account established by an intergovernmental organization or by agreement between two or more countries.

  • Funds means financial assets and benefits of every kind, including, but not limited to:

  • Funds held on trust means those funds which the Trust holds on date of incorporation, receives on distribution by statutory instrument or chooses subsequently to accept under powers derived under S.90 of the NHS Act 1977, as amended. Such funds may or may not be charitable.

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).

  • U.S. Government Obligations means securities which are (i) direct obligations of The United States of America for the payment of which its full faith and credit is pledged or (ii) obligations of a person controlled or supervised by and acting as an agency or instrumentality of The United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation by The United States of America, and which in the case of (i) and (ii) are not callable or redeemable at the option of the issuer thereof, and shall also include a depository receipt issued by a bank or trust company as custodian with respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the U.S. Government Obligation evidenced by such depository receipt.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Government data means any information, document, media, or machine readable material regardless of physical form or characteristics, that is created or obtained by the Government in the course of official Government business.

  • Government Office means any office of the Federal Government that has possession or control of assassination records, including—

  • Paying Agent means any Person authorized by the Company to pay the principal of or any premium or interest on any Securities on behalf of the Company.

  • U.S. Government Obligation means (x) any security which is (i) a direct obligation of the United States of America for the payment of which the full faith and credit of the United States of America is pledged or (ii) an obligation of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in either case (i) or (ii), is not callable or redeemable at the option of the issuer thereof, and (y) any depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any U.S. Government Obligation which is specified in clause (x) above and held by such bank for the account of the holder of such depositary receipt, or with respect to any specific payment of principal of or interest on any U.S. Government Obligation which is so specified and held, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the specific payment of principal or interest evidenced by such depositary receipt.

  • Segregate means to separate and withhold from use or sale batches, lots, cannabis, usable cannabis, or cannabis-derived products in order to first determine its suitability for use through testing by an approved laboratory.

  • Note Paying Agent means the Trustee or any other Person that meets the eligibility standards for the Trustee specified in Section 6.11 and is authorized by the Issuer to make the payments to and distributions from the Collection Account and the Note Distribution Account, including payment of principal of or interest on the Notes on behalf of the Issuer.

  • Commingle means the act of Commingling.

  • Segregated funds means the amount of benefits that would

  • Government purpose means any activity in which the United States Government is a party, including cooperative agreements with international or multi-national defense organizations, or sales or transfers by the United States Government to foreign governments or international organizations. Government purposes include competitive procurement, but do not include the rights to use, modify, reproduce, release, perform, display, or disclose technical data for commercial purposes or authorize others to do so.