📄 Extracted Text (245 words)
acknowledged by the Grantor, mailed or delivered to the Trustees then acting, and
such removal shall be effective on the date specified in such written instrument, or
if no date is specified, on the date of such mailing or delivery.
F. No Trustee at any time acting hereunder shall be required to
give any bond, undertaking or other security for the faithful performance of his or
her duties in any jurisdiction.
SEVENTH
SETTLEMENT OF TRUSTEES'ACCOUNTS;
EXONERATION OF TRUSTEES
A. No Trustee shall be required to file or render, and the Grantor
waives and excuses the filing with or rendering to any Court of, an account of his
or her transactions with respect to the Trust or of inventories, accounts, statements
or reports of principal and/or income in respect of the Trust. As such, pursuant to
Section 1212, Title 15 of the Virgin Islands Code, Grantor hereby relieves Trustee
and any Successor Trustee of the requirements imposed by Sections 1191 and 1192
of the Virgin Islands Code. Nevertheless, any Trustee may at any time and from
time to time render an account of his or her transactions with respect to the Trust.
The Grantor shall have full power to settle finally any such account or to waive the
same, and on the basis of such account or waiver, to release the Trustee,
individually, and as Trustee, from all accountability, liability and responsibility for
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0054804
CONFIDENTIAL SDNY_GM_00200988
EFTA01364278
ℹ️ Document Details
SHA-256
935472b15c0b50d80a7371c180e082dffce3cf5ee6a62b1c4988535db5755828
Bates Number
EFTA01364278
Dataset
DataSet-10
Document Type
document
Pages
1
Comments 0