if a receiver or trustee for any such partnership or corporation, duly appointed by a court of competent jurisdiction in the United States, makes an assignment of the claim, or any part thereof, with respect to which an award is made, or makes an assignment of such award, or any part thereof, payment shall be made to the assignee, as his interest may appear ; ;

Additionally, a bankrupt is required to provide his or her trustee with details of income and assets.

If the bankrupt does not do this, the interest vests in the estate and the trustee is able to take possession of the asset and sell it.

A Proposal Administrator is almost always a licensed trustee in bankruptcy, although the Superintendent of Bankruptcy may appoint other people to serve as administrators.

In chapter 11, unless a separate trustee is appointed for cause, the debtor, as debtor in possession, acts as trustee of the business.

The court will grant a motion to convert to chapter 7 or appoint a trustee if either of these actions is in the best interest of all creditors.

Appointment of a trustee requires some wrongdoing or gross mismanagement on the part of existing management and is relatively rare.

Hence the householder is encouraged to discharge his or her duties to related people and objects as a trustee, without excessive attachment or aversion.

3. partnerships, unincorporated associations and trusts-any act or practice of a partner, committee member or trustee is attributed to the organisation.

A new trustee is chosen by the remaining Trustees by ballot.

A trust is created by a settlor ( archaically known, in the context of trusts of land, as the feoffor to uses ), who transfers some or all of his property to a trustee ( archaically known, in the context of land, as the feoffee to uses ), who holds that trust property ( or trust corpus ) for the benefit of the beneficiaries ( archaically known as the cestui que use, or cestui que trust ).

The trustee is obliged to administer the trust in accordance with both the terms of the trust and the governing law.

One of the most significant aspects of trusts is the ability to partition and shield assets from the trustee, multiple beneficiaries, and their respective creditors ( particularly the trustee's creditors ), making it " bankruptcy remote ", and leading to its use in pensions, mutual funds, and asset securitization.

Where a trust is absent any trustees, a court may appoint a trustee, or in Ireland the trustee may be any administrator of a charity to which the trust is related.

By default, being a trustee is an unpaid job.

It is not unusual for an individual to create an inter vivos trust with a corporate trustee who may then disburse funds only for causes articulated in the trust document.

The executor of the will is ( usually ) the trustee, and the children are the beneficiaries.

One method of asset protection is the creation of a discretionary trust, of which the settlor may be the protector and a beneficiary, but not the trustee and not the sole beneficiary.

In particular, ownership of a matrimonial home is commonly effected by a trust with both partners as beneficiaries and one, or both, owning the legal title as trustee.

Unlike an express trust, a constructive trust is not created by an agreement between a settlor and the trustee.

It is possible, although highly doubtful, that he killed none at all but merely let his reputation work for him by privately claiming every unsolved murder in the state.

( The best evidence is that he received a monthly wage of about $125, very good money in an era when top hands worked for $30 and found.

this is not so, for education offers all kinds of dividends, including how to pull the wool over a husband's eyes while you are having an affair with his wife.

`` What is the scaffolding for, Brassnose ''??

He speaks your language too, for he is the grandson of a chieftain on Taui who made much magic and was strong and cunning.

This is a paradise for hunters.

`` And if the dive goes OK he has the exclusive import rights to your line for this country, is that right ''??

There is nothing for you '', Matsuo said.

It is almost time for and calinda to begin ''.

I want the room in the attic prepared for him He is a most unusual lad, quite precocious in many ways.

-- liberal considers that the need for a national economy with controls that will assure his conception of social justice is so great that individual and local liberties as well as democratic processes may have to yield before it.

In fact it has caused us to give serious thought to moving our residence south, because it is not easy for the most objective Southerner to sit calmly by when his host is telling a roomful of people that the only way to deal with Southerners who oppose integration is to send in troops and shoot the bastards down.

but for this discussion the most important division is between those who have been reconstructed and those who haven't.

Had the situation been reversed, had, for instance, England been the enemy in 1898 because of issues of concern chiefly to New England, there is little doubt that large numbers of Southerners would have happily put on their old Confederate uniforms to fight as allies of Britain.

Of greater importance, however, is the content of those programs, which have had and are having enormous consequences for the American people.

The general acceptance of the idea of governmental ( i.e., societal ) responsibility for the economic well-being of the American people is surely one of the two most significant watersheds in American constitutional history.

Reduced to its simplest terms, it is an assumption of a collective duty to compensate for the inability of individuals to cope with the rigors of the era.

National responsibility for individual welfare is a concept not limited to the United States or even to the Western nations.

For better or for worse, we all now live in welfare states, the organizing principle of which is collective responsibility for individual well-being.

( Since the time-span of the nation-state coincides roughly with the separate existence of the United States as an independent entity, it is perhaps natural for Americans to think of the nation as representative of the highest form of order, something permanent and unchanging.

There is little time for the men in the command centers to reflect about the implications of these clocks.

Only recently new `` holes '' were discovered in our safety measures, and a search is now on for more.