Settlor definition

Settlor means a person, including a testator, who creates, or contributes property to, a trust. If more than one person creates or contributes property to a trust, each person is a settlor of the portion of the trust property attributable to that person's contribution except to the extent another person has the power to revoke or withdraw that portion.

Settlor shall have the meaning defined in the preamble hereto.

Settlor means that term as defined in section 7103 of the estates and protected individuals code, 1998 PA 386, MCL 700.7103.

Examples of Settlor in a sentence

• The Trustee shall bear no liabilities for the above other than returning the trust principal and the subscription handling fee to the Settlor.

• The Settlor shall pay the subscription handling fee, trust management fee, and channel service fee , coupon payment fee and early redemption fee according to the rules of the Trustee for all trust transactions.

• The Settlor shall pay the subscription handling fee, redemption handling fee and trust management fee according to the rules of the Trustee for all trust transactions.

• The Settlor agrees that in case where the foreign bond designated cannot be subscribed for, such subscription instruction shall become invalid automatically, and that the Trustee shall inform the Settlor orally or in writing.

• The Settlor shall also sign the deposit-related service agreements and shall agree to abide by all relevant regulations as well as the following terms and conditions.

More Definitions of Settlor

Settlor means a person who provides trust property or makes a testamentary disposition on trust or to a trust;

Settlor means VCI, as settlor under the Origination Trust Agreement.

Settlor means a person, including a testator, who creates, or

Settlor means a person, including a testator, who

Settlor means the same as that term is defined in Section 75-7-103.

Settlor shall have the meaning stated in the first "Whereas" clause set forth above.

Settlor means an individual who created an inter vivos or a testamentary trust.