Fiduciary responsibility definition

Fiduciary responsibility means the trustee(s) will manage the endowment care fund in accordance with RCW 11.100.020.
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Fiduciary responsibility means those operational and administrative duties required to be performed by fiduciaries pursuant to the provisions of Part 4 of Title I of ERISA.
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Fiduciary responsibility means the obligation of the affected individual or entity to perform the duties and responsibilities herein assigned to them plus providing full, frank disclosures without misrepresentation or omission of relevant facts, undertaking representation of the Foundation with care, trust, confidentiality and honesty, acting with fidelity and loyalty in the interests of the Foundation and refraining from self-dealing or advising the Foundation of any situation in which they or a related entity have an interest.
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Examples of Fiduciary responsibility in a sentence

  • Each Named Fiduciary, by signing its contract or by accepting such amendment or correspondence and rendering the services requested without objection for thirty (30) days, shall be conclusively bound to have assumed such Fiduciary responsibility as a Named Fiduciary.

  • An allocation of Fiduciary responsibility to a person which is not implemented in the manner set forth herein shall not be void; however, such person may not be a Named Fiduciary with respect to the Plan and Trust.

  • A delegation of Fiduciary responsibility to a person which is not implemented in the manner set forth herein shall not be void; however, whether the delegating Named Fiduciary shall have joint liability for acts of such person shall be determined by applicable law.

  • All actions taken by the Committee shall be deemed actions taken by the Plan Administrator, and the Plan Administrator shall have Fiduciary responsibility in connection with such actions, except with respect to willful misconduct or gross negligence.

  • As a Fiduciary, you acknowledge and understand (i) you owe the Protected Person a legal Fiduciary responsibility and (ii) your legal obligations as a Fiduciary and as more fully set forth in the Michigan Estates and Protected Individuals Code, Social Security Administration Rules and Regulations, or the Department of Veterans Affairs Rules and Regulations, as the case may be, to care for the Protected Person’s or Estate’s property, including funds held on deposit in the Credit Union.


More Definitions of Fiduciary responsibility

Fiduciary responsibility means an ethical obligation, for a person who has the power and authority, to act in the public interest to a high standard of diligence, responsibility, and honesty;
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Fiduciary responsibility means a legal obligation of a fiduciary (Executive member) to act in the best interest of the Organization as in the Executive is entrusted with the reputation, care of money and property of the organization;
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Fiduciary responsibility means a duty of utmost good faith, trust, confidence, and candour owed by a fiduciary (such as a lawyer or corporate officer) to the beneficiary (such as a lawyer’s client or a shareholder); a duty to act with the highest degree of honesty and loyalty toward another person and in the best interests of the other person (such as the duty that one partner owes to another.
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Fiduciary responsibility. The Owner confirms that neither the Architect, nor the Architect's consultants has offered any fiduciary service to the Owner, and no fiduciary responsibility shall be owed to the Owner by the Architect or the Architect's consultants as a consequence of the Architect's entering into this agreement with the Owner.
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Fiduciary responsibility means in this context? Are you bound to consider questions about socially responsible investing? How do you pick these 28 funds?
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Fiduciary responsibility means the exercise of discretionary authority or control over Fund management or any authority or control over the management, disposition or administration of the Fund assets.
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Fiduciary responsibility means the duty owed to an Elder to use the Elder’s monetary funds and assets for the best interest of the Elder. A fiduciary responsibility shall apply to any individual or other legal entity that obtains possession or control of the assets of an Elder;
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