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/Tx BMC /Resources << /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] /Subtype /Widget /Subtype /Widget With respect to each Discretionary Trust, subject to any plan of successor Designated Representatives created pursuant to the provisions of subsections 15.24(b)(iv)(A) or 15.24(b)(iv)(B) of this Article, but notwithstanding any other provision in this trust instrument to the contrary, on the date on which the beneficiary of the trust has attained thirty (30) years of age, or upon creation of the trust, if subsequent thereto, the Designated Representative of the trust shall be such one (1) or more persons or a Business Entity, or any combination thereof, as shall be designated by name by the beneficiary by an instrument in writing signed by the beneficiary and delivered to the person(s) and/or entity so designated. /StructParent 433 q 215 0 obj q << /T ( Agreed and Certified to this_3) /FormType 1 >> /Bl 355 0 R /Type /Annot /ZaDb 555 0 R /Rect [474.0 68.88 565.2 84.24] /Subtype /Type1 endobj << /MK << /Subtype /Widget /Resources << 465 0 R 466 0 R 467 0 R 468 0 R 469 0 R 470 0 R 471 0 R 472 0 R 473 0 R 474 0 R 125 0 obj /MaxLen 2 /CM15 << /AP << /MaxLen 2 /ProcSet [/PDF] endstream /Parent 70 0 R /MediaBox [0.0 0.0 612.0 792.0] /Filter /FlateDecode /T (MLPFS Account01_1) q /P 133 0 R /AS /Off endstream /JS (SyncCheckboxes\(event.target\);) /Rect [409.92 71.88 463.08 87.24] >> /Type /Font /Off 301 0 R /Resources << /Rect [155.64 209.28 168.12 222.0] >> /StructParent 578 /GS2 379 0 R /Type /StructTreeRoot
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/FT /Btn /Resources << W Delegation of authority to sign all documents on behalf of the Minnesota State Colleges and Universities, its colleges or universities, the system office and/or its Board of Trustees is vested without limitation in the chancellor. /F 4 >> /P 133 0 R >> /ZaDb 8.9925 Tf endobj >> >> /Type /Font /P 129 0 R 77 0 obj /Helv 157 0 R << /ProcSet [/PDF /Text] /P 134 0 R /TU (The foregoing instrument was acknowledged before me, a Notary Public, this: \(Enter Month\)) /AA << H,=@DSfG+;E#X/2DIUoKgA7`wVi-`hb!U it needs to decide which other matters it will make decisions about and which it can and will delegate. /Rect [444.6 209.28 557.28 225.48] << /MK << /Resources << /Length 36 /Suspects false /Subtype /Widget /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] /Rect [295.44 386.4 453.12 404.16] >> /Type /Annot /Type /Annot /CA (4) 15.23 Duty to Inform and Account. Each of these two forms of delegation has common law rules, which have been significantly extended by statute, in recognition of the need for trustees to have clear powers to delegate in the interests of the smooth running of their trusts. /O /Layout /FT /Tx endobj /Type /Page 8.6597 TL H, /Type /Annot /N 147 0 R 224 0 obj /P 137 0 R >> The /D << Powers and Duties of Trustees Section 3.1 General 6 Section 3.2 Investments 6 Section 3.3 Legal Title 7 Section 3.4 Issuance and Repurchase of Shares 7 Section 3.5 Borrow Money or Utilize Leverage 7 Section 3.6 Delegation; Committees 7 Section 3.7 Collection and Payment 8 Section 3.8 Expenses 8 Section 3.9 By-Laws 8 Section 3.10 Miscellaneous Powers 8 Section 3.11 Further Powers 8 ARTICLE IV Advisory, Management and Distribution Arrangements Section 4.1 Advisory and Management Arrangements 9 Section 4.2 Distribution Arrangements 9 Section 4.3 Parties to Contract 9 ARTICLE V. Selection and Nomination of Trustees While this Plan is in effect, the selection and nomination of persons to be Trustees of the Fund who are not "interested persons" of the Fund ("Disinterested Trustees") shall be committed to the discretion of the incumbent Disinterested Trustees. >> /Rect [210.24 128.76 219.6 138.24] /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] endstream >> /Subtype /Widget /AP << H,=@DSfG+;E#X/L1y+TJjj/($_g
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Q >> /JS (SyncCheckboxes\(event.target\);) endobj /N 148 0 R /degree /plusminus /twosuperior /threesuperior /acute /mu 183 /periodcentered /cedilla /onesuperior >> endobj >> /T1_0 382 0 R /DA (/Helv 10 Tf 0 g) /StructParent 618 /Ff 8388608 /PDFDocEncoding 162 0 R /quoteright /quotesinglbase /trademark /fi /fl /Lslash /OE /Scaron /Ydieresis /Zcaron >> /Rect [272.211 282.6 556.99 300.36] /ProcSet [/PDF /Text] /TU (The foregoing instrument was acknowledged before me, a Notary Public, by means of \(check one\): physical presence) /Type /Annot /F 4 /SpaceAfter 12.25 /P 133 0 R /Parent 71 0 R >> /Ff 29360128 213 0 obj /T ( by_1) << n /TU (D\) Agreed and Certified to this: Enter Month) /StructParent 449 /Encoding << 2.4362 3.3161 Td /On 186 0 R /StructParent 579 /GS2 379 0 R << endobj /P 135 0 R /FT /Sig /FT /Sig /StructParent 653 << Situational Leadership /StructParent 707 /StructParent 723 /FormType 1 >> /Type /XObject stream
/AP << HlVn7W"Y\ %AX@B{ Zli8W\9@,XwWA}OoyF]. >> /N 536 0 R >> /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] /T (Signature of Trustee_10) /Type /Annot 36 0 obj /Kids [171 0 R] /Helv 146 0 R /Type /Annot >> /T (D) /AA << >> f /EndIndent 299.5 272 0 obj /igrave /iacute /icircumflex /idieresis /eth /ntilde /ograve /oacute /ocircumflex /otilde /T (MLPFS Account02_1) With respect to each trust created under this trust instrument, the Settlor, by specific reference to F.S. /T ( Names of all current trustees03) /StructParent 525 /P 135 0 R << /DA (/Helv 10 Tf 0 g) >> /Subtype /Widget /StructParent 675 >> /ArtBox [0.0 0.0 612.0 792.0] << 2.4362 3.3161 Td /Ff 8388608 /F 528 0 R /Ff 8388608 151 0 obj /P 129 0 R endobj This acknowledgement may not be used by California Notaries. << Nothing herein shall prevent the incumbent Disinterested Trustees from soliciting the views or the involvement of others in such selection or nomination as long as the final decision on any such selection and nomination is approved by a majority of the incumbent Disinterested Trustees. /O /Layout /TU (by: Insert Signer's Name, NOT Notary's Name) /DA (/Helv 10 Tf 0 g) /T ( State of_1) << << /Length 114 /Parent 71 0 R >> /TU (Signature of Trustee) /Parent 50 0 R /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] /Fm0 385 0 R /TextIndent -8.87498 /F 4 /FT /Tx /Ff 8388608 /T1_0 382 0 R /FT /Sig /On 318 0 R << /P 129 0 R 243 0 obj /Off 341 0 R endstream /CropBox [0.0 0.0 612.0 792.0]
/T (Irrevocable) /LastModified endobj /Parent 71 0 R /AP << >> 0 0 12.48 12.72 re /BBox [0 0 252 13.32] /TU (Notary Jurat and Affidavit Form: County of \(Enter County\)) /Type /Annot /FormType 1 /MK << >> The main aim of these statutory powers to delegate is to strike a balance between administrative convenience and security for the trust property. /Helv 163 0 R /Resources << /P 134 0 R 13 0 obj /Rect [322.367 304.171 462.407 318.811] /DA (/Helv 10 Tf 0 g) /TU (Signature of Trustee #1) /Parent 70 0 R >> /Type /XObject /Subtype /Widget endobj /ZaDb 556 0 R /Subtype /Form /TU (MLPF&S Account #2 \(For Internal Use Only\): Enter the first 3-digits of the 8-digit Merrill Account Number) /AA << /MaxLen 5 /Subtype /Widget /Subtype /Widget 259 0 obj << >> /P 137 0 R /O /Layout /Parent 71 0 R /Type /Annot /S /JavaScript H,=@DSjG+B:%F_xXpot;Y5;fcrVg{# w
q /Subtype /Widget 196 0 obj >> /Font << /Subtype /Form /Encoding 10 0 R /Rect [450.6 687.6 558.6 702.24] /Ff 8388608 f >> /AP << /DA (/Helv 10 Tf 0 g) /T ( by Trustee) >> /Subtype /Form /DR << /0 [255.0 0.0 3.0 223.2 362.88 279.08 368.88 1.0 0.0 0.0 Webdelegation of authority is expressly authorized by the Trust. /T1_0 382 0 R /Subtype /Form Subject to the provisions of Articles XVI and XVII, if at any time, there are three (3) or more Co-Trustees acting as Trustee of a trust, any decision made to act or to refrain from acting by a majority of the Co-Trustees who are qualified to vote on such decision shall be deemed to be the decision of all of the Co-Trustees, without the imposition of any liability for such decision on a Co-Trustee who does not agree thereto.
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