SU0010728 - Laserfiche WebLink

Home Browse Search

proxies, and to pay calls or assessments; (b) participate in voting trusts, pooling agreements, reorganizations, consolidations, mergers, and liquidations; (c) deposit securities with and transfer title to any protective or other committee under such terms as the Trustee may deem advisable; (d) exercise or sell stock options, stock subscription or conversion rights; (e) accept and retain as an investment any securities or other property received through the exercise of any of the foregoing powers; and (f) hold a security in the name of a nominee or in other form without disclosing the trust so that title may pass by delivery. J.5. Common Investments. For purposes of convenience with regard to the administration and investment of the Trust property, the Trustee may invest part or all of the Trust property jointly with Trust property of other trusts for which the Trustee is also serving as a Trustee. For this purpose, a corporate fiduciary acting as the Trustee may use common funds for investment. When Trust property is managed and invested in this manner, the Trustee shall maintain records that sufficiently identify that portion of the jointly invested assets that constitute the Trust property of this "frust. J.6. Nominee Powers. The Trustee may hold real estate, securities and any other Trust property in the name of a nominee or in any other form without disclosing the existence of any trust or fiduciary capacity. J.7. Sell, Exchange, Lease, Etc. The Trustee may, without court approval: (a) sell, exchange, or liquidate any trust real or personal property, for cash or on terms, at public or private sale; (b) lease trust property or contract for terms within or beyond the term of the Trust and for any purpose; (c) abandon any Trust property or interest therein; (d) grant an option involving disposition of any Trust property and take or purchase an option for the acquisition of any asset; (e) partition, divide, subdivide, assign, develop, and improve any trust Property; (f) adjust boundaries and create easements and servitudes; and (g) dedicate land or easements to public use with or without consideration. Notwithstanding the foregoing, if a beneficiary is residing in residential real property held in such beneficiary's trust, then the Trustee's powers under this paragraph J.7 are hereby restricted such that the Trustee shall not have the power to sell, exchange, or liquidate any such residential real property without first obtaining the consent of such beneficiary. J.8. Manage, Improve, Repair, Etc. The Trustee has the power to manage, control, improve, remodel, and repair any Trust property, and to remove, demolish, or otherwise dispose of any improvements to Trust real property. J.9. Pay Taxes and Expenses. The Trustee has the power to pay taxes, assessments, and all other reasonable expenses incurred in connection with Trust property or in administering the Trust. J.10. Sign Instruments. The Trustee has the power to execute and deliver all instruments which are needed to accomplish or facilitate the exercise of the powers granted to the"Trustee. 4