Laserfiche WebLink
200404851 <br />whatsoever, it being the settlor's intention to authorize the <br />trustee to do everything it deems advisable in the management of <br />the trust estate, without court approval and even though it might <br />otherwise be unauthorized or inappropriate for a fiduciary. <br />B. Incorporation by Reference. For purposes of the <br />administration of any trust in any jurisdiction other than <br />Nebraska, the Nebraska Trustees' Powers Act as it exists at the <br />time of the execution of this instrument is incorporated herein <br />by reference and shall be as fully effective as if it were set <br />out at length in this instrument. <br />VIII. <br />TRANSACTIONS WITH THIRD PERSONS <br />No person or corporation dealing with trustee shall be <br />required to investigate trustee's authority for entering into any <br />transaction or to administer the application of the proceeds of <br />any transaction. <br />IX. <br />DIVIDENDS <br />Regular or ordinary cash dividends, although they may <br />be wholly or partly in the nature of a payment in partial <br />liquidation or may wholly or partly represent a distribution of <br />assets of the corporation other than surplus earnings, shall <br />nevertheless be treated wholly as income of the trust. All other <br />liquidating dividends shall be principal. All dividends payable <br />in the stock of the corporation or association declaring or <br />authorizing the same shall be treated as principal. All other <br />12 <br />