US Legal Forms
Release and Cancellation of Trust Agreement - Trust Indenture

Indenture Meaning With Examples In California

Category:

Trusts - Termination

State:

Multi-State

Control #:

US-00195

Format:

Instant download

Description

An indenture is a formal legal agreement, often associated with trusts, that outlines the obligations and responsibilities of the parties involved. In California, a Trust Indenture serves as a binding contract that specifies terms for managing the trust's assets. For instance, when a Trust Agreement is released, it requires a Release and Cancellation of Trust Agreement/Trust Indenture to officially terminate the trust and remove any encumbrances on the property. Key features include signature lines for authorized representatives, a notary section for verification, and details about the original trust agreement. To fill out this form, one must include the date, names of the parties, record references, and notary details. This form is particularly useful for attorneys managing estate matters, partners in real estate ventures, and paralegals assisting in transactional work. Legal assistants will find it valuable when preparing documents for cancellation of trusts, ensuring compliance with local laws and procedures in California.

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FAQ

Draft an indenture agreement Brainstorm potential clauses to include in the indenture agreement. Identify and research any applicable laws and regulations. Draft the agreement, being sure to include all necessary terms and conditions. Review and revise the agreement as needed.

The bond indenture is a legal document that defines the terms of the bond issue including the rights of bondholders; the bond certificate provides details about the bond being issued including the financial elements of the bond.

The Indenture pledges certain revenues as security for repayment of the Bonds. The Trustee agrees to act on behalf of the holders of the Bonds and to represent their interests.

What is the primary purpose of a bond indenture? To specify the bond's features and identify the issuer's sources of repayment. To provide a detailed history of the issuer's past financial performance.

In real estate, an indenture is a deed in which two parties agree to continuing obligations. For example, one party may agree to maintain a property and the other may agree to make payments on it.

Beginning in medieval England, an indenture can be defined as a specific agreement within a contract noted with a specific duration or significance. Indentures were initially used to convey land and for service contracts of seven years. Indentures still exist today.