Glossary entry

English term or phrase:

court-directed invasion

Polish translation:

naruszenie kapitału trustu za zgodą sądu

Added to glossary by bARBARA Marszalek
Nov 11, 2022 20:15
1 yr ago
16 viewers *
English term

court-directed invasion

English to Polish Law/Patents Law (general) testamenty
coś jakby sądowy skok na środki funduszu powierniczego

Discussion

geopiet Nov 11, 2022:
Trust principal shall not be subject to any court directed invasion pursuant to the provisions of ....

- www.t.ly/Usng
bARBARA Marszalek (asker) Nov 11, 2022:
under no circumstances shall the ... Trust principal be subject to any court-directed invasion pursuant to the provisions of the laws
geopiet Nov 11, 2022:
jakiś sądowy nakaz podziału yego funduszu .. ?
geopiet Nov 11, 2022:
What is an invasion of a trust? A trust whose principal is distributed or withdrawn, in whole or in part.
Mateusz Kiecz Nov 11, 2022:
Kontekst Zdecydowanie go tu za mało. Możesz podać więcej info?

Proposed translations

18 hrs
English term (edited): court-directed invasion of trust principal
Selected

naruszenie kapitału trustu za zgodą sądu

naruszenie kapitału trustu za zgodą sądu
court-directed invasion of trust principal

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Note added at 18 hrs (2022-11-12 14:48:23 GMT)
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(b) An authorized trustee may exercise the power authorized by subdivision 3 or 4 without the consent of the settlor or the persons interested in the invaded trust and without court approval, provided that the authorized trustee may seek court approval for the exercise with notice to all persons interested in the invaded trust.
https://www.revisor.mn.gov/statutes/cite/502.851

...trustee's authority to invade principal in trust.

(b) An authorized trustee with unlimited discretion to invade trust principal ...
...
(5) The term "invade" shall mean the power to pay directly to the
beneficiary of a trust or make application for the benefit of the
beneficiary.

(6) The term "invaded trust" means any existing irrevocable inter
vivos or testamentary trust whose principal is appointed under paragraph
(b) or (c) of this section.
https://law.justia.com/codes/new-york/2014/ept/article-10/pa...

Invasion powers
A provision in a trust that permits the trustee to use the principal of the trust if its income is insufficient to fulfill the requirements of the beneficiary. However, trustees are usually prohibited from exercising this power without prior authorization.
https://financial-dictionary.thefreedictionary.com/Invasion ...

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9 hrs

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