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A Complete Dictionary of Synonyms and Antonyms (1 of 5) Complete
- United States The Liquidation Trustee may commit the Liquidation Trust to pay, and shall cause any Liquidation Trust Entity to pay, all such persons or entities reasonable compensation for services rendered and expenses incurred;. You might also like Exceptions to Foreign Trusts: The Liquidation Trustee shall not be required to post a bond with respect to the performance of the obligations and liabilities of the Liquidation Trustee under the Plan or this Agreement.
The Oversight Board shall begin to act on the date this Agreement is signed and shall oversee the actions of the Liquidation Trustee in accordance with the terms of this Agreement until further Order of the Bankruptcy Court. Sometimes the process of liquidating the consequent claims bordered on violence. Sample 1 Sample 2.
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The Oversight Board may meet and vote in person or telephonically, and each member shall be entitled to receive reasonable notice of any such meeting. A majority of the members of the Oversight Board shall constitute a quorum. Liquidating dividend , Self Liquidating. Blog You are here: No Compensation; Reimbursement of Committee Members.
- United States
- United States Further, the Liquidation Trustee may cause the Debtor to create an Entity to own and hold such asset. A below , or to select a successor Liquidation Trustee when a successor is required hereunder. Any action taken or omitted to be taken with the approval of the Bankruptcy Court or the Oversight Board will conclusively be deemed not to constitute gross negligence or willful misconduct. Sample 1 Sample 2 Sample 3 Based on documents. The Liquidation Trustee shall not be required to record any transfer in favor of any transferee which, in the sole discretion of the Liquidation Trustee, is or might be construed to be ambiguous or to create uncertainty as to the holder of the interest in the Liquidation Trust or constitute a violation of applicable laws or might cause the Liquidation Trust to be required to register the Beneficial Interests in the Liquidation Trust under the Securities Act of , as amended, the Securities Exchange Act of , as amended, and any other applicable federal, state and local laws requiring registration of securities.
Trustee quarterly reports setting forth all receipts and disbursements of the Liquidation Trust as required by the U.
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- DEFINE LIQUIDATING TRUST. MEANS THAT TRUST ESTABLISHED IN ACCORDANCE WITH SECTION WILL HOLD AND DISTRIBUTE CERTAIN ASSETS...
- TAXATION OF LIQUIDATING TRUSTS