/P 136 0 R /P 133 0 R /P 137 0 R /StructParent 584 /CM32 << /Length 12 << /FormType 1 /T (MLPFS Account_1) /dotlessi /lslash /oe /scaron /zcaron 160 /Euro 164 /currency 166 /F 546 0 R /Subtype /Form Notwithstanding the provisions of Florida Statutes 736.0108(6), the Trustee is not required to notify the qualified beneficiaries of the trust in exercising the power granted to the Trustee by this subsection. 1. /CM31 << >> >> /DA (/Helv 10 Tf 0 g) /Length 36 /Type /Annot /Rect [54 201.84 306 216.48] /0 [5943.0 0.0 3.0 223.2 362.88 279.08 368.88 1.0 0.0 0.0 /DA (/Helv 10 Tf 0 g) /FormType 1 /JS (SyncCheckboxes\(event.target\);) stream /T (Type of identification04) Delegation of Powers Subject to any limitations set forth in the Act, the member(s) may delegate any of its powers to officers of the Company or to committees consisting of persons who may or may not be member(s). /StructParent 671 /O /Layout /Type /Annot h[ks7+I7j*UJ$XH I um*f >> >> /Subtype /Widget >> /Metadata 3 0 R /DA (/Helv 10 Tf 0 g) endobj EMC /TU (Signature of Trustee) /Parent 70 0 R /MK << /Type /Annot endobj /Matrix [1 0 0 1 0 0] /MK << endobj endobj 359 0 obj /F 4 /Type /XObject >> 211 0 obj /FT /Btn /Rect [123.48 555.12 557.4 572.88] /P 129 0 R /S /JavaScript /GS2 379 0 R /Rect [155.295 539.76 167.775 552.48] /ZaDb 518 0 R /Rect [136.92 667.08 558.12 684.84] /Parent 70 0 R /StructParent 663 Appointment of Trustees (A) The power of appointing new trustees shall be vested in the Issuer but a trustee so appointed must in the first place be approved by the Borrower and subsequently by an Extraordinary Resolution or Written Resolution. << /PDFDocEncoding 145 0 R /Font << << << /AA << /AS /Off /Helv 167 0 R /Type /Annot /F 4 >> /TU (Signature of Trustees requiring Notarization: Use this page when a Notary is in Colorado, Idaho, Iowa, Michigan, Minnesota, Mississippi, Nevada, South Dakota, Tennessee or Vermont: A\) Agreed and Certified to this: Enter Month) /LastModified /Type /Annot /NumberOfPageItemsInPage 2 /GS0 378 0 R /ColorSpace << 0 0 12.4801 12.72 re /T (H-1) 273 0 obj 358 0 obj /Type /Annot 10 0 obj /T ( day of_2) /PDFDocEncoding 151 0 R >> W 109 0 R 127 0 R 266 0 R 267 0 R 116 0 R 119 0 R 117 0 R 120 0 R 118 0 R 121 0 R] /Parent 70 0 R endobj /Ff 8388608 >> /Subtype /Widget >> >> /Type /XObject /TU (20: Enter the last 2-Digits of Year) endobj /TU (Signature of Notary Public) /Adieresis /Aring /AE /Ccedilla /Egrave /Eacute /Ecircumflex /Edieresis /Igrave /Iacute 8 0 obj endstream /Subtype /Widget >> 280 0 obj /FT /Sig Every officer or committee shall, in the exercise of the power so delegated, comply with any restrictions that may be imposed on them by the member(s). H, /Rect [405.84 282.12 509.76 295.44] << /FormType 1 /DA (/Helv 10 Tf 0 g) /PieceInfo << Q /MaxLen 5 >> /FormType 1 /Type /XObject /On 363 0 R /TU (Enter type of identification) /Rotate 0 /Thumb 392 0 R endobj 114 0 obj /ProcSet [/PDF] >> /F 4 0.749023 g /Type /XObject /N 159 0 R /F 4 215 0 obj << /dotlessi /lslash /oe /scaron /zcaron 160 /Euro 164 /currency 166 /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] 271 0 obj 168 0 obj /AA << /Parent 70 0 R << /FT /Tx /Rect [450.36 461.76 558.36 480.0] >> /AA << /Font << /StructParent 304 /Matrix [1 0 0 1 0 0] /StructParent 731 /FT /Tx endobj /StructParent 507 The drafter could consider language similar to the following with respect to delegation of authority: (z) at any time and from time to time, and subject to revocation at any time, to delegate the authorities, discretions and powers or any of them conferred upon a fiduciary under this trust instrument to any person or persons and/or entity or entities, without notice to the qualified beneficiaries of the trust; provided, any delegation or revocation of a delegations is to be evidenced by a written instrument, signed and delivered to the person, persons, entity or entities to whom the delegation is made;. /Filter /FlateDecode /AA << /Subtype /Form >> /Ff 8388608 /TU (C\) Agreed and Certified to this: Enter Month) 19 0 obj /BBox [0.0 0.0 12.48 12.72] /BBox [0.0 0.0 12.48 12.72] /T (MLPFS Account_1_1) /AA << /DA (/Helv 10 Tf 0 g) 0 0 12.48 12.72 re << >> /DA (/Helv 10 Tf 0 g) /DA (/Helv 10 Tf 0 g) 0 0 Td /FT /Btn 32 0 obj >> 0 0 Td /Parent 70 0 R 353 0 obj << /DR << /TU (The foregoing instrument was acknowledged before me, a Notary Public, by means of \(check one\): physical presence) /PageTransformationMatrixList << << >> /StructParent 711 /FT /Tx The holder of the power may, at any time or from time to time, revoke any designation made, or amend or cancel any plan established either by the holder of the power, by a person in a lower position on the list contained in subsection 15.24(b)(iv) of this Article or by a predecessor Designated Representative. /F 4 /BBox [0.0 0.0 12.48 12.72] /Length 83 /P 131 0 R /JS (AFDate_KeystrokeEx\("mm/dd/yyyy"\);) /Parent 70 0 R >> /F 4 /T (F-1) 65 0 obj /Subtype /Widget /Ff 8388608 /Rect [450.6 674.64 558.6 687.96] /P 134 0 R >> endobj endobj These are the sample trust form provisions referenced in the February 2008 article Drafting Florida Trusts by Powell and Klooster. /Ff 8388608 endobj endstream The main aim of these statutory powers to delegate is to strike a balance between administrative convenience and security for the trust property. 52 0 obj /Parent 70 0 R /F 4 /TU (B\) Agreed and Certified to this day of: \(Enter 2-Digit Day\)) >> << >> >> stream endobj /O /Layout >> /F 4 << >> /MK << /Off 301 0 R /P 129 0 R /Type /Encoding /CA (4) Web(a) A trustee may delegate duties and powers that a prudent trustee of comparable skills could properly delegate under the circumstances. /AP << /P 134 0 R /1 [5966.0 1.0 3.0 -15.9438 362.88 15.9438 368.88 1.0 0.0 0.0 /CS0 [/ICCBased 377 0 R] /EndIndent 48.875 /Subtype /Widget /K 549 0 R /Oslash /Ugrave /Uacute /Ucircumflex /Udieresis /Yacute /Thorn /germandbls /agrave /aacute >> /Ff 8388608 /StructParent 531 /Ff 8388608 << >> (ii) Waiver of Duty to Determine Appropriate Place of Administration. /ZaDb 13 0 R /Type /Annot /Font << << /Ff 8388608 endobj >> /DA (/Helv 10 Tf 0 g) /MK << /Helv 146 0 R /Font << endobj endobj /Marked true /N 523 0 R >> >> /Rect [155.64 512.88 168.12 525.6] /LastModified (D:20211209093206-05'00') >> 8.6597 TL /TU (5A. /0 203 /F 4 /T (For trusts with more than one trustee only01) /T ( Agreed and Certified to this_4) /MK << /F 4 Signature date and notary date must be the same: State of \(Enter State\)) /P 134 0 R /F 4 /StructParent 422 endobj /TU (B\) Agreed and Certified to this year of: Enter 4-Digit Year) /GS2 380 0 R /FormType 1 Unless otherwise restricted by the Board, the President, in turn, may delegate certain authority to the officers and employees of the university. /StructParent 738 >> /DA (/Helv 10 Tf 0 g) /TU (personally appeared \(Insert name of Trustee\)) /F 176 0 R endobj /Rotate 0 >> Decisions cant be made at meetings unless a quorum is present, that is two trustees or the number nearest to one-third of the total number of trustees - whichever is the greatest. /Subtype /Widget /Resources << /SpaceAfter 19.125 >> 186 0 obj >> endobj /Ff 8388608 /DA (/Helv 10 Tf 0 g) /Font << >> /Ff 29360128 >> >> /T (Type of identification05) /Type /Annot >> /Resources << /TU (MLPF&S Account #2 \(For Internal Use Only\): Enter the first 3-digits of the 8-digit Merrill Account Number) /TU (Grantor Name 1: Country of Residency \(if other than USA\)) 311 0 obj /Subtype /Widget >> >> /Subtype /Form >> /Subtype /Widget Sec. /T (MLPFS Account01_1) /GS1 380 0 R /S /JavaScript endobj >> /StructParent 730 stream /Type /Page /TU (Print Name of Notary Public) /MaxLen 2 /Resources << /Parent 70 0 R 110 0 obj /Subtype /Form endobj 198 0 obj >> /FormType 1 endobj Professional Postgraduate Diploma in Private Wealth Advising, Russia-Ukraine conflict & associated sanctions, STEP Standard Provisions (England, Wales and Northern Ireland), STEP Employer Partnership Programme resources, Making a Complaint: Our Disciplinary Process, Urgent Applications in the Court of Protection, Last Orders: The Essential Guide to your Letter of Wishes. /DA (/Helv 10 Tf 0 g) /Type /Annot /DA (/Helv 0 Tf 0 g) endobj >> /AP << >> /ZaDb 13 0 R >> Accordingly, with respect to each trust created under this trust instrument, the Trustee may disregard the interests of the remaindermen in making discretionary distributions to a current beneficiary. >> /Type /Annot /TU (On: Enter date including 2-Digit Month/2-Digit Day/4-Digit Year) /Rect [54 469.56 306 482.76] Delegation of Power (a) Any Administrative Trustee may, by power of attorney consistent with applicable law, delegate to any other natural person over the age of 21 his or her power for the purpose of executing any documents contemplated in Section 2.7(a), including any registration statement or amendment thereto filed with the Commission, or making any other governmental filing; and. endobj /Ff 8388608 /T ( day of_5) >> /JS (SyncCheckboxes\(event.target\);) W /Parent 71 0 R The Delta Trust is in existence as of the date of this certification. n /Tabs /S 60-175.16. Any appointment of a new trustee hereof shall as soon as practicable thereafter be notified by the Trustee to the Principal Paying Agent and the other Agents and to the Noteholders. /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] 212 0 obj >> /On 333 0 R endobj /AA << /StructParent 618 /FT /Tx /T (MLPFS Account_1_4) 283 0 obj /Type /Encoding >> /Parent 71 0 R /P 137 0 R << (b) The delegable investment functions under this subsection include: 1. /Fm1 390 0 R /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] /DA (/Helv 10 Tf 0 g) Sub-delegations of authority must be documented in writing, on the FIU approved form, and provided to the Office of the General Counsel for recording in the Universitys records. /PDFDocEncoding 156 0 R 10. /StructParent 518 << /O /Layout /ZaDb 13 0 R << >> /Off 336 0 R /T ( My commission expires_2) >> 235 0 obj /Subtype /Form /ProcSet [/PDF /Text] /T ( State of California County of) /CS0 [/ICCBased 377 0 R] /BBox [0 0 424.08 13.32] /Font << /ExtGState << >> << /DA (/Helv 10 Tf 0 g) >> stream /Type /Annot /Length 112 /A 344 0 R /MK << << >> >> /T ( day of_4) /FT /Tx /BBox [0.0 0.0 12.48 12.72] /BBox [0.0 0.0 12.48 12.72] 46 0 obj 182 0 obj /TU (Country of residency for Trustee Name 2) << >> /TU (by: Insert Signer's Name, NOT Notary's Name) /Encoding << << endobj /Type /XObject /Ff 8388608 A true and correct copy of Article XV of the Trust Agreement, which contains the powers, rights and duties of the Co-Trustees of the Delta Trust, is attached. 75 0 obj /T ( Names of all current trustees04) /LineHeight 15.5 /Type /Annot Subject to the provisions of subsection 15.24(a) of this Article, but notwithstanding any other provision in this trust instrument to the contrary, with respect to each trust created under this trust instrument for which a Designated Representative is then acting: (A) Role of Designated Representative. << 1E}+'d+XFT7'&3NXX\W>}`wnxrkdA2^ k /LineHeight 15.5 /Ff 8388608 /PieceInfo << stream /MK << << /GS0 378 0 R >> 203 0 obj 149 0 obj Any revocation, amendment or cancellation is to be made in the same manner as is provided above for making a designation or establishing a plan; provided, however, that no revocation, amendment or cancellation is effective to remove any then acting Designated Representative. (vii) Designated Representatives of Discretionary Trusts. >> /FT /Tx /MK << endobj >> /TrimBox [0.0 0.0 612.0 792.0] /MK << 736.04117 to the contrary, a Trustee who is authorized to make distributions to or for the benefit of a beneficiary, shall not exercise the power by appointing all or part of the principal of the trust subject to the power in favor of a Trustee of another trust for the benefit of one (1) or more of the beneficiaries under the same trust instrument or under a different trust instrument. /BleedBox [0.0 0.0 612.0 792.0] >> /CM14 << Language similar to the following could be considered to prohibit double fees: Compensation and Expenses. /StructParent 461 /P 134 0 R endobj >> /Rect [158.934 541.884 266.934 555.204] >> Upon any revocation, amendment or cancellation, the holder of the power to designate successor Designated Representatives of the trusts held pursuant to this trust instrument have the same powers with respect to designating successor Designated Representatives by name or establishing a plan in the manner provided above, as if such power had never been exercised. /DA (/Helv 10 Tf 0 g) ET 330 0 obj endobj >> /Subtype /Form /Tabs /S /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] /Subtype /Widget (4) Tj If a fiduciary participates in the decision to invest in any investment instrument (as defined in FS 660.25) owned or controlled by the fiduciary or an affiliate of the fiduciary or to engage any affiliate of the fiduciary to render services to the trust, the fiduciary shall credit against the compensation the fiduciary may otherwise be entitled pursuant to the provisions of this Section the amount of all fees, compensation or commissions paid from the trust estate to the fiduciary or an affiliate of the fiduciary for investing in those investment instruments or for rendering those services. 8. /Subtype /Widget /FT /Tx >> 135 0 obj >> /Parent 70 0 R /DA (/Helv 10 Tf 0 g) /Ff 8388608 /Resources << /S /JavaScript /P 134 0 R << /F 4 /FT /Tx stream /ProcSet [/PDF /Text] /Helv 163 0 R n << (v) Method of Appointing Successor Designated Representatives. /quotesingle 96 /grave 128 /bullet /dagger /daggerdbl /ellipsis /emdash /endash /T ( before me) /DR << /TU (Please check one of the following \(REQUIRED\): Produced the following type of identification:) /Resources << /ProcSet [/PDF /Text] /TextAlign /Center /S /JavaScript endstream << >> /Encoding << stream /Parent 50 0 R /ProcSet [/PDF] /T (E-2) /P 135 0 R /Type /Annot /BBox [0.0 0.0 12.48 12.72] /S /JavaScript 25 0 obj /F 4 0 0 12.48 12.72 re 120 0 obj /MK << /Ff 8388608 >> /MediaBox [0.0 0.0 612.0 792.0] /TU (MLPF&S Account #3: \(For Internal Use Only\): Enter the last 5-digits of the 8-digit Merrill Account Number) >> The Settlor hereby acknowledges the applicability of these provisions.. >> /TU (9A. endobj /BBox [0.0 0.0 12.48 12.72] /O /Layout /Type /Annot /CA (4) endobj /DA (/Helv 10 Tf 0 g) Enter to open, tab to navigate, enter to select, Practical Law Standard Document w-001-8732, https://content.next.westlaw.com/practical-law/document/Ia3d88ac5fce711e598dc8b09b4f043e0/Delegation-of-Authority-Form?viewType=FullText&transitionType=Default&contextData=(sc.Default). The determination of the amount of net income or principal of a trust to be distributed to or for the benefit of a beneficiary is in the sole discretion of the Trustee. /JS (AFDate_FormatEx\("mm/dd/yyyy"\);) /Type /Annot /DA (/Helv 10 Tf 0 g) 67 0 R 68 0 R 69 0 R] /F 4 /TU (Signed and sworn to \(or affirmed\) before me this: \(Enter Month\)) W Powers of Trustees Subject to the provisions of this Declaration of Trust, the business of the Trust shall be managed by the Trustees, and they shall have all powers necessary or convenient to carry out that responsibility and the purpose of the Trust. >> /StructParent 519 >> >> Language similar to the following could be considered to authorize such investments: Corporate Trustees and Affiliated Services. >> >> /Off 286 0 R << /F 4 /On 322 0 R /On 328 0 R >> >> /P 135 0 R >> The trust is currently \(please check as applicable\): Irrevocable) >> << /P 134 0 R /MK << /T ( Agreed and Certified to this_2) /AS /Off The power to appoint successor Designated Representatives granted pursuant to the provisions of this subsection may be completely and irrevocably released at any time with respect to any one (1) or more trusts by an instrument in writing signed by the holder of the power and delivered to the then acting individual Trustee and to each party on the list contained in subsection 15.24(b)(iv) of this Article, and if there is no acting individual Trustee, to the beneficiary of the trust with respect to which the release relates. 229 0 obj >> >> /Parent 70 0 R /Ff 29360128 188 0 obj /1 [5966.0 1.0 3.0 -15.9438 362.88 15.9438 368.88 1.0 0.0 0.0 >> 30 0 obj All rights reserved. endobj >> /T ( day of_2) /FormType 1 >> /ProcSet [/PDF] /Ff 8388608 The Delta Trust has not been revoked, modified or amended in any manner that would cause the representations contained in this certification of trust to be incorrect. /P 136 0 R /AA << /StructParent 482 stream /Parent 71 0 R /Rect [482.88 285.6 495.36 298.32] /Rect [312.48 201.84 556.56 216.6] /CropBox [0.0 0.0 612.0 792.0] >> /Subtype /Widget /CM30 << << /F 4 >> /Ff 8388608 /D << 345 0 obj /F 4 /ProcSet [/PDF] /P 137 0 R /StructParent 535 << /T ( year of) /MK << /Subtype /Widget /Type /XObject /Subtype /Widget >> /FormType 1 q /P 134 0 R << /MK << >> /AP << << 2. /P 129 0 R endstream >> Approval and Signature Authority General Delegation for Routine Contracts Contracts for which approval is not limited to the Board of Trustees under Section 4409.3 and that are not endobj /T ( Print Name of Notary Public) 207 0 obj 2.4362 3.3161 Td /JS (SyncCheckboxes\(event.target\);) /Rect [312.48 174.24 556.56 187.56] Without notice to the qualified beneficiaries, a Trustee authorized to make distributions to or for the benefit of a beneficiary may, by an instrument in writing, signed and acknowledged by the Trustee and filed with the records of the trust, instead exercise the power by appointing all or part of the principal of the trust subject to the power in favor of a Trustee of another trust for the benefit of one (1) or more of the beneficiaries under the same trust instrument or under a different trust instrument, provided the exercise otherwise complies with the provisions of F.S. endobj /Subtype /Widget >> /Ff 8388608 << /Type /Annot >> << /Length 36 >> /Type /XObject /StructParent 684 endobj /BBox [0.0 0.0 12.48 12.72] >> /Subtype /Widget /ProcSet [/PDF /Text] << /StructParent 739 /AA << >> << /AP << /T (Signature of Trustee_4) << /BBox [0.0 0.0 12.48 12.72] /Type /XObject /FT /Tx /Rect [322.32 601.774 462.36 616.414] >> /TU (Signature of Trustees requiring Notarization: Use this page when the Notary is in California \(Please note that all fields must be completed by the Notary Public or the document will be returned\): A\) Agreed and Certified to this: Enter Month) /DR << /Rect [145.68 605.28 345.6 619.92] /FormType 1 /F 4 >> << /Length 114 276 0 R 277 0 R] << /Rect [170.16 272.88 310.2 287.52] /Type /Annot /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] /Encoding << /StructParent 510 /TU (Please check one of the following \(REQUIRED\): Produced the following type of identification:) /Type /Annot >> /Rect [450.414 541.884 558.414 555.204] /Subtype /Widget /Ff 8388608 If there are more than one current beneficiary, distributions may be made to all or any one or more of them in such equal or unequal proportions and amounts as the Trustee, its discretion may determine, including distributing all or nothing to any one or more of the beneficiaries, and there shall be no adjustment among the beneficiaries by reason of any distribution. >> /quoteright /quotesinglbase /trademark /fi /fl /Lslash /OE /Scaron /Ydieresis /Zcaron >> /LastModified (D:20211209094527-05'00') >> >> f 284 0 obj endobj /0 9725 /FT /Tx /Length 83 stream /InDesign << /Parent 70 0 R endobj /BBox [0.0 0.0 12.48 12.72] /N << /Type /Annot /Parent 71 0 R q << endobj /Ff 8388608 /FT /Btn /FormType 1 stream /P 135 0 R /BBox [0.0 0.0 12.48 12.72] /D << /T1_0 382 0 R Delegation of functions by trustee. /F 4 /TU (MLPF&S Account #3 \(For Internal Use Only\): Enter the first 3-digits of the 8-digit Merrill Account Number) /CM18 << 0.749023 g /ZaDb 556 0 R /P 137 0 R A determination of whether any insurance contract is or remains a proper investment; 3. /Subtype /Widget endobj This acknowledgement may not be used by California Notaries. /MK << << 1 1 10.48 10.72 re << endobj /MK << /Bl 330 0 R endobj /Helv 146 0 R /P 134 0 R /Type /Annot /F 4 /PageItemUIDToLocationDataMap << /TU (Please check one of the following \(REQUIRED\): Personally known or) /DR << /MK << /PageItemUIDToLocationDataMap << >> There are, however, restrictions on such delegation covering non-delegable functions, which are broadly: functions relating to the distribution of assets; decisions as to whether fees should be paid out of income or out of capital; powers to appoint trustees; and powers of delegation under any other statute. /F 4 /Subtype /Widget /P 131 0 R 331 0 obj /On 342 0 R endobj endstream endobj endobj /StructParent 707 >> EMC << 2.9 Legal Action. endobj << endobj /Parent 71 0 R /Ff 29360128 /DR << /0 [255.0 0.0 3.0 223.2 362.88 279.08 368.88 1.0 0.0 0.0 /GS1 380 0 R /CropBox [0.0 0.0 612.0 792.0] /T ( My commission expires) >> /DA (/Helv 0 Tf 0 g) endobj Q >> /A 339 0 R /Type /Annot /Subtype /Widget /ZaDb 520 0 R /T (MLPFS Account_1_5) /T (Signature of Notary Public_5) /StructParent 691 stream Self-Dealing by Trustee. /MK << /Type /XObject >> /StructParent 694 >> /DA (/Helv 10 Tf 0 g) /AS /Off /JS (AFDate_FormatEx\("mm/dd/yyyy"\);) /Subtype /Widget >> /Length 12 736.0802(5)(e)(2), authorizes any Corporate Trustee to invest in any investment instrument owned or controlled by such Corporate Trustee or its affiliate and to engage any affiliate to render services to such trust, provided such Corporate Trustee, subject to the other provisions of this trust instrument (including Section 15.9 of Article XV hereof relating to waiver of the prudent investor rule), otherwise complies with the provisions of F.S. /T (Margin transactions including short sales04) << /ZaDb 519 0 R /Font << 167 0 obj endstream (e) upon reasonable request, provide a qualified beneficiary with relevant information about the assets and liabilities of the trust and the particulars relating to administration; provided, however, while a trust is revocable, the Trustees duties pursuant to this Section extend only to the Settlor., (iii) to compromise and adjust claims arising out of any the policy or contract, upon terms and conditions as the Trustee, in the Trustees sole discretion, may deem best, and the decisions of the Trustee shall be binding and conclusive upon all persons beneficially interested in the trust;, Not a Fiduciary.
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