Glossary of Terms

Signatory Trustee 2015-11-11 08:00:00

Signatory Trustee

A signatory trustee is the individual who will be managing the Delaware Statutory Trust (DST). The Sponsor of the DST typically serves as the Signatory Trustee. A Delaware Statutory Trust (DST) is often structured with three trustees. In addition to the signatory trustee, an independent trustee typically serves for the benefit of the lender or the beneficiaries in the event the signatory trustee should fail or not act in the best interest of the lender or trust and a Delaware trustee maintains a physical Delaware address in order to prevent the trust from winding up if the signatory trustee should be unable to continue serving the trust. The signatory trustee is permitted to also act as the Delaware trustee provided it meets the legal requirements of a Delaware trustee.

 


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