Glossary entry (derived from question below)
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
Proposed translations
(Polish)
2 | naruszenie kapitału trustu za zgodą sądu | mike23 |
3 | kierowane przez sąd naruszenie | Kamila Ołtarzewska |
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 ...
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 ...
4 KudoZ points awarded for this answer.
9 hrs
kierowane przez sąd naruszenie
tak
Discussion
https://www.revisor.mn.gov/statutes/cite/502.851
https://law.justia.com/codes/new-york/2014/ept/article-10/pa...
Invasion powers
https://financial-dictionary.thefreedictionary.com/Invasion ...
- www.t.ly/Usng