trustee clause

trustee clause
"金山词霸2003法学大词典":
受托人条款

English-Chinese law dictionary (法律英汉双解大词典). 2013.

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  • no-action clause — England, Wales A clause commonly found in documentation for a bond issue where a trustee structure is used. Typically, the clause permits only the trustee to take enforcement action against the issuer or guarantor of the bonds. Individual… …   Law dictionary

  • spendthrift clause — A provision in a trust that restricts a beneficiary s ability to transfer rights to future payments of income or capital under the trust to a third party. In effect, the clause prevents spendthrift beneficiaries from squandering an inheritance… …   Law dictionary

  • exculpatory clause — A contract clause which releases one of the parties from liability for his or her wrongful acts. A provision in a document which protects a party from liability arising, in the main, from negligence; such clause is common in leases, contracts and …   Black's law dictionary

  • exculpatory clause — A contract clause which releases one of the parties from liability for his or her wrongful acts. A provision in a document which protects a party from liability arising, in the main, from negligence; such clause is common in leases, contracts and …   Black's law dictionary

  • ipso facto clause — n: a clause in an agreement stipulating the consequences (as termination of a lease or acceleration of a payment) of the insolvency of one of the parties – called also bankruptcy clause, ipso facto bankruptcy clause; ◇ An ipso facto clause is… …   Law dictionary

  • Himalaya clause — A Himalaya clause is a contractual provision expressed to be for the benefit of a third party who is not a party to the contract. Although theoretically applicable to any form of contract, most of the jurisprudence relating to Himalaya clauses… …   Wikipedia

  • immunity clause — A provision in a deed of trust securing corporate bonds which limits the trustee s liability, usually in providing that the trustee shall not be answerable for anything except his own gross negligence or wilful misconduct in the discharge of his… …   Ballentine's law dictionary

  • exculpatory clause — A clause in a trust instrument relieving the trustee from liability for any act performed by him under the trust instrument in good faith. Anno: 78 ALR2d 36 …   Ballentine's law dictionary

  • strong-arm clause — The provision of the Bankruptcy Act that the trustee in bankruptcy, as to all property, whether or not coming into possession or control of the court upon which a creditor of the bankrupt could have obtained a lien by legal or equitable… …   Ballentine's law dictionary

  • Living trust — A living trust (inter vivos trust) is a trust created during a person s lifetime. Living Trusts in the United StatesIn the United States, a living trust refers to a trust that may be revocable by the trust creator or settlor (known by the IRS as… …   Wikipedia

  • Armitage v. Nurse — [1998] Ch 241 is an English trusts law case, decided in the Court of Appeal on the issue of excluding liability for gross negligence of a trustee. Millet LJ gave the leading judgment.FactsMillet LJ summarises the facts at p.248 of the… …   Wikipedia

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