Spendthrift trust definition

Spendthrift trust means a trust in which by the terms thereof a valid restraint on
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Spendthrift trust means a trust that, by its terms, imposes a
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Spendthrift trust means trust in which by the terms of the
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Examples of Spendthrift trust in a sentence

  • Spendthrift trust operating real estate under central management was taxable as association.

  • Spendthrift trust: one in which by state or more often by the terms of the trust, the beneficiary is unable voluntarily or involuntarily to transfer his interest in the trust.

  • If more than one (1) person creates or contributes property to a1 trust, each person is a settlor of the part of the trust property attributable to that2 person's contributionexcept to the extent another person has the power to revoke3 or withdraw that part;4 [(16) "Spendthrift provision" means a term of a trust which restrains both voluntary and5 involuntary transfer of a beneficiary's interest;]6 (19) (a) "Spendthrift trust" means an active trust which:7 1.

  • Spendthrift trust (internal citations omitted), citing La.R.S. 9:2001 et seq.

  • This organization is a private entity that brings together public institutions and private companies, creating beneficial public-private partnerships (PPP).


More Definitions of Spendthrift trust

Spendthrift trust means a trust that is subject to a provision that restrains both voluntary and involuntary transfer of a beneficiary’s interest.
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Related to Spendthrift trust

  • Spendthrift provision means a term of a trust that restrains both voluntary and involuntary transfer of a beneficiary's interest.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Retirement fund means the "Washington law enforcement

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Virginia real estate investment trust means a real estate investment trust, as defined in 26 U.S.C.

  • Plan Trust means the trust governed by the Plan.

  • Grantor Trust means a Trust other than a RIC.

  • Litigation Trust means the trust to be established on the Plan Implementation Date at the time specified in section 6.4(p) in accordance with the Litigation Trust Agreement pursuant to the laws of a jurisdiction that is acceptable to SFC and the Initial Consenting Noteholders, which trust will acquire the Litigation Trust Claims and will be funded with the Litigation Funding Amount in accordance with the Plan and the Litigation Trust Agreement.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • Note A-4 Trust Fund means the trust formed pursuant to the Note A-4 PSA.

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • Real Estate Investment Trust means that term as defined under section 856 of the internal revenue code.

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Enterprise Fund means the enterprise fund of the Recipient in which Revenues are deposited.

  • Note A-2 Trust Fund means the trust formed pursuant to the Note A-2 PSA.

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

  • 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).

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Business trust means a trust created for the purpose of making a profit through the combination of capital contributed by the beneficiaries of the trust and through the administration or management of the capital by trustees or a person acting on behalf of the trustees, for the benefit of the beneficiaries;