Common use of Delegation of Powers Clause in Contracts

Delegation of Powers. Any management function of any Trust may be delegated by any Trustee to any Successor Trustee, even if such Successor Trustee is not then serving as Trustee. The terms of such delegation of power shall be any conditions agreed to by the Trustees which are not detrimental to the Trust. Provided, however, that the Trustee shall not delegate ALL of the trustee’s duties and responsibilities.

Appears in 38 contracts

Sources: Revocable Living Trust Agreement, Revocable Living Trust Agreement, Revocable Living Trust Agreement