EFTA01360568.pdf
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📄 Extracted Text (212 words)
incompetent, which agreement shall bind all persons, whether or not then in
being, then or thereafter interested in either the income or the principal of
the Trust. Any such settlement shall have the force and effect of a final
decree, judgment or order of a court of competent jurisdiction rendered in an
appropriate action or proceeding for the judicial settlement of such account,
in which action or proceeding jurisdiction was obtained over all necessary
and proper parties. The expenses of any such account shall be a proper
administration expense of the Trust payable from principal or income of the
Trust, or partly from each, as the Trustees, in their discretion, shall
determine.
D. No Trustee shall be accountable, liable or responsible for
any act, default, negligence or omission of any other Trustee.
E. No Trustee acting hereunder shall be liable for any loss
or damage which may occur hereunder, unless due to willful default,
deliberate wrongdoing or willful violation of an express provision hereof.
EIGHTH
Administrative Powers
A. In addition to and in amplification of the powers given by
law to trustees, the Trustees, but solely in their fiduciary capacities are
hereby authorized and empowered, in their discretion:
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CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0049004
CONFIDENTIAL SDNY_GM_00195188
EFTA01360568
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EFTA01360568
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