In the current financial environment of low dividend and interest rates, a trustee
who favors income beneficiaries under the traditional allocation approach will hold fixed income securities and thus sacrifice asset appreciation potential.
As you talk with a corporate trustee
and learn more about how they can serve trusts and their beneficiary, it is certain that their competence and care as a trustee
will become convincingly apparent to you.
and no contact was ever made with the trustees
of the Historical Commission until well after the PSSC Report was adopted in February 1995.
One strength of Holmes's discussion is his recognition in the first chapter that trustees
have power and that "this power is the source of potential ethical conflicts" (p.
The library trustee
meets the needs of the people served by the library.
We know the work of trustees
is crucial to the success of their charities, and they often bear a considerable load.
As for who the trustees
will be, O'Connell said they will look for people who ``are familiar with these types of schools, people with experience, to make recommendations, improve student achievement and change the culture at these challenging schools.
A recent survey of professional trustees
conducted by Eversheds Sutherland, has overwhelmingly concluded (71%) that a professional body is now required to set standards and oversee the performance of professional trustees
Section 702 of the Bankruptcy Code, entitled "Election of trustee
," provides in relevant part that (i) a trustee
may be "elected" during a meeting of creditors held under Section 341, and that (ii) if a trustee
is not elected under Section 702, then "the interim trustee
shall serve as the trustee
in the case"
investment duties When trustees
invest assets, they are under a duty to take such care as an ordinary prudent man would take if he was making an investment for the benefit of others for whom he felt morally bound to provide.
For example, declining to make payments for a beneficiary simply because the Trustee
doesn't like the beneficiary is not acting in "good faith.
Hampshire, a member of the Five College consortium that includes Amherst, Mount Holyoke, Smith, and the University of Massachusetts Amherst, has long had an elected student trustee
and an elected faculty trustee
, but the elected staff trustee
position is still a rarity.