permanent trustee

permanent trustee

in the Scots law of insolvency, the person appointed in a sequestration by the court to administer the insolvent estate. Trustees are appointed from a panel of suitable and qualified persons. They must accept appointment although they may apply to resign. As permanent trustee, the property of the bankrupt estate vests in the trustee, and his duty then is to ingather the estate and distribute it according to the rules of ranking. Where there is any concern as to the assets pending appointment, an application may be made to appoint an interim trustee, pending a full appointment. See VESTING. For England, see BANKRUPTCY.
References in periodicals archive ?
The board also appointed Tom Allen to fill Jenners vacant trustee seat until the April 2019 consolidated election when a permanent trustee will be elected to serve a full-term.
He is presently a visiting fellow at Harvard University, and permanent trustee of the World Peace Congress.
Prior to this, Gillian spent four years at Insight Investment in London, having begun her career with roles at Macquarie and Permanent Trustee in Sydney, Australia.
The courts have grappled with whether this additional one-year extension of statute of limitations for preference and other avoidance actions can be triggered by the appointment of an interim trustee under Section 701 of the Bankruptcy Code, or whether the election or appointment of a permanent trustee under Section 702 is required to trigger the extension.
I also felt honoured when the family requested me to be their guide and made me a permanent trustee along with the family members.
In addition, the Permanent Trustee Company Limited holds 7.
Eileen Blackburn, of accountants Kidsons Impey, has been appointed his permanent trustee.
He is chairman of the Sales and Marketing Executives International (SMEI) Foundation for Marketing Education, and is a permanent trustee to the SMEI Academy of Achievement Hall of Fame.
Cameron Russell, head of corporate recovery for accountants Kidsons Impey in Glasgow, was appointed as Batchelor's permanent trustee at a meeting of creditors on Friday.
The notes will be issued by Permanent Trustee Australia Limited (the trustee and issuer) in its capacity as trustee for the RESIMAC MBS 1999-1 Trust.
His permanent trustee George Kerr, who is responsible for his financial affairs, said creditors had received nothing and that there had been five other bids to have Manson declared bankrupt.
The ACE Funding RESIMAC MBS notes issued by ACE Funding Limited mirror the credit quality features of the underlying collateral, the RESIMAC MBS 1999-1 Trust class A1 notes, to be issued by Permanent Trustee Australia Limited as trustee for the RESIMAC MBS 1999-1 Trust, with the exception of the currency swap which swaps the cash flows from monthly to quarterly and from Australian dollars to Euro.

Full browser ?