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What are the duties of a trustee who has been elected in a condominium?
Wiki User
∙ 14y ago
You can find the answer in your state's condominium law.
In Washington state, for example, an elected board member has the responsibility to 'protect, maintain and enhance' the assets owned by the association.
Go to your state's Web site and locate the state's condominium law.
Then, specifically, your governing documents will expand on your state's documented duties and list the duties of a trustee or board member for your association.
Wiki User
∙ 14y ago
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Who is Canada's school trustee?
There is no such thing as "Canada's school trustee." A school trustee is a politician, someone who has been elected to a school board. Not all provinces have school boards. In those that do, school boards are municipal or regional bodies, not provincial or federal ones.
What is a declaration of non-monetary status by foreclosure trustee?
Pursuant to California Civil Code 2924l:2924l. (a) In the event that a trustee under a deed of trust isnamed in an action or proceeding in which that deed of trust is thesubject, and in the event that the trustee maintains a reasonablebelief that it has been named in the action or proceeding solely inits capacity as trustee, and not arising out of any wrongful acts oromissions on its part in the performance of its duties as trustee,then, at any time, the trustee may file a declaration of nonmonetarystatus. The declaration shall be served on the parties in the mannerset forth in Chapter 5 (commencing with Section 1010) of Title 14 ofthe Code of Civil Procedure.[there is more under the Code...]http://www.leginfo.ca.gov
What is substitution of trustee?
Replacing the trustee with another for some reason; maybe the trustee gets old and finds the job burdensome. There might be another trustee named in the document as authorized "..in the event first trustee resigns." I'm no lawyer, but I guess you could petition the court for a replacement trustee if you could prove the trustee was not following the lawful trust instructions or something.
Can a trustee of an estate be challenged by a benificiary?
Yes trustee of an estate can be challenged by a beneficiary. When acting as the trustee you have to deal with not only people but also money you may worry more about the money part but really you have to worry about the people because it can be more challenging. Been a trustee can be easier if you have cordial dealings with truthful beneficiaries.
If a bank was the trustee for the trust holder but the bank has been bought out twice. How do you find out who the trustee is now for the trust holder's beneficiaries?
Typically the trustee is the successor bank, but it does depend on wording in the trust as well as potentially state and/or federal banking laws.
Who much of your tax return can the bankruptcy trustee take?
If it has not been exempted, all of it.
What happens to the estate of a trustee if the estate of a trust is insolvent?
The financial situation of the trustee should be irrelevent to the estate. Unless they have been embezzling funds, there isn't any effect.
What are the duties the legislative branch includes?
First of all it is usually a group of people who had been elected by the citizens. They represent them, so they are the representatives. Their meeting is the Parliament. They make laws and decide on peace or war by a majority vote.
What are the duties includes of the legislative branch?
First of all it is usually a group of people who had been elected by the citizens. They represent them, so they are the representatives. Their meeting is the Parliament. They make laws and decide on peace or war by a majority vote.
Can you sell a condo unit in NYS without condo declaration being recorded?
No, in New York State, you cannot sell a condo unit without the condo declaration being recorded. The condo declaration is a legal document that establishes the rights and obligations of condo owners and is necessary for the sale of the unit to occur. Recording the declaration protects the rights and interests of all parties involved in the condo transaction.
What is the statute of limitations in Massachusetts if you have been overcharged by condo association?
Your answer depends on what you believe you've been overcharged for. A condominium-savvy attorney can answer your question.
Does a deed of trust grant ownership rights?
A deed of trust as part of a mortgage transaction transfers title to the mortgaged property to a trustee until the mortgage is paid in full. When the mortgage has been paid off the trustee must transfer the property back to the owner. The trustee has no actual "ownership rights" since it acts as only a holder of the title until the note is paid.A deed of trust as part of a mortgage transaction transfers title to the mortgaged property to a trustee until the mortgage is paid in full. When the mortgage has been paid off the trustee must transfer the property back to the owner. The trustee has no actual "ownership rights" since it acts as only a holder of the title until the note is paid.A deed of trust as part of a mortgage transaction transfers title to the mortgaged property to a trustee until the mortgage is paid in full. When the mortgage has been paid off the trustee must transfer the property back to the owner. The trustee has no actual "ownership rights" since it acts as only a holder of the title until the note is paid.A deed of trust as part of a mortgage transaction transfers title to the mortgaged property to a trustee until the mortgage is paid in full. When the mortgage has been paid off the trustee must transfer the property back to the owner. The trustee has no actual "ownership rights" since it acts as only a holder of the title until the note is paid.
