The old man told me he had not been in the Brazils for about nine years; but that he could assure me that when he came away my partner was living, but the trustees whom I had joined with him to take cognisance of my part were both dead: that, however, he believed I would have a very good account of the improvement of the plantation; for that, upon the general belief of my being cast away and drowned, my trustees had given in the account of the produce of my part of the plantation to the procurator-fiscal, who had appropriated it, in case I never came to claim it, one-third to the king, and two-thirds to the monastery of St.
I showed myself a little concerned and uneasy at this account, and inquired of the old captain how it came to pass that the trustees should thus dispose of my effects, when he knew that I had made my will, and had made him, the Portuguese captain, my universal heir,
'After the first year,' say the trustees
, 'an account current will be opened with each pupil; he will be charged with the actual cost of his board, which will not exceed two dollars per week;' a trifle more than eight shillings English; 'and he will be credited with the amount paid for him by the state, or by his friends; also with his earnings over and above the cost of the stock which he uses; so that all his earnings over one dollar per week will be his own.
Lang is a thoughtful listener, always giving each of his fellow trustees
' viewpoints on important issues consideration.
But what if a trustee
is an unlicensed law school graduate?
recently inducted the Board of Trustees
of the U.P.
He serves on the Organization, Bylaws and Nomination Committee where he helped draft and approve the CCM Statement of Trustee
Responsibility and helped to develop the trustee
Under ERISA Section 403(a), where a plan expressly provides that the trustee
are subject to the direction of a named fiduciary who is not a trustee
, the trustee
is subject to “proper directions of such fiduciary which are made in accordance with the terms of the plan and which are not contrary to” ERISA.
We work with a lot of charities and it feels like the most asked question is, "Do you know anybody that would like to be a trustee
?" WHAT MAKES A GOOD TRUSTEE
must ensure there is appropriate oversight of the charity's finances and sufficient reporting and scrutiny of expenditure, including appropriate reports at trustee
meetings, recognising that the format of the financial information may vary according to the size and complexity of a charity's operations.
Now the settlor is dead and you are the trustee
. And for that you will receive treasures in heaven ...