Declaration of trust


Also found in: Legal, Financial, Wikipedia.
(Law) a paper subscribed by a grantee of property, acknowledging that he holds it in trust for the purposes and upon the terms set forth.
- Abbott.

See also: Declaration

References in periodicals archive ?
As set out in the Fund's declaration of trust, the Fund does not have a fixed termination date but the Manager may terminate the Fund without the approval of unitholders if the Manager believes it is no longer economically practical to continue the Fund or that it would be in the best interests of the Fund to do so.
On July 22, 2019 Condor announced the conclusion of a strategic alternatives process with the signing of a definitive agreement that contemplates the merger of the Company with the operating partnership of NexPoint Hospitality Trust, an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario and listed on the TSXV, resulting in a $11.10 per share cash price to be paid to common shareholders and a $10.00 per share cash price to be paid to Series E preferred shareholders at closing.
Assuming you do require the landlord's consent, consider the following: PS Where the share of freehold is held jointly with other leaseholders in their individuals names (up to four registered owners), you have hopefully signed a document known as a Declaration of Trust, which sets out whether you own the freehold equally or unequally and the corresponding proportion, the basis upon which decisions are made and the mechanism to resolve any dispute.
While, in a vacuum, we agree with Institutional Shareholder Services, that given the size and complexity of the Trust, $104,000 per year in compensation for a Trustee seems reasonable, the Trust is operating under a Declaration of Trust document that is 131 years old and makes no provision for increasing the fixed compensation of $2,000 per year for Trustees.
Also, shareholders ratified the appointment of Ernst & Young LLP as the company's independent auditors to serve for the 2019 fiscal year and approved an amendment to its Declaration of Trust so that in a contested election trustees are elected by a plurality of the votes cast by shareholders.
Do read the Declaration of Trust, Information Memo, Offering Circular or similar document about the Fund/s you are interested in before investing.
Alignvest Student Housing Real Estate Investment Trust is an unincorporated open-ended real estate investment trust formed under the laws of Ontario pursuant to the Declaration of Trust to own income-producing purpose-built student accommodations located in Canada.
'In a failed attempt to deceive the courts as well as investigating agencies, respondent No 1 (Maryam Nawaz) had got prepared agreements for declaration of trust between herself and co-accused Hussain Nawaz with regard to Neilson and Nescoll which were sent twice to handwriting expert Robert Radley by the JIT [joint investigation team],' says the petition.
NAB accused the Sharifs of making a failed attempt to deceive the high court as well as the investigating agencies by preparing agreements for declaration of trust between Maryam and co-accused Hussain Nawaz with regard to Nielson and Nescoll which were sent twice to handwriting experts Robert Radley by the JIT.
A will he signed in October 2011 read: "I intentionally omit him from this, my Last Will and Testament, as I have provided for him during my lifetime in my Declaration of Trust."
The faction believes Segizbayev abused his official powers in using the fake declaration of trust (apostille) concerning the Alfa Telecom (mobile operator MegaCom) shares.
Still, the new legislation simplifies asset transfers to the special-purpose entity and "can now be carried out by assignment, transfer or declaration of trust," with the securitisation special-purpose entity assumes all rights and obligations from the originator, Moody's said.
Full browser ?