Sterling Capital Short Duration Common Trust Fund I
The Hand Benefits & Trust Company, a corporation with trust powers duly organized and existing under the laws of the State of Texas (“HB&T”), has established the Hand Benefits & Trust Company Common Trust Fund for the collective investment of certain fiduciary accounts maintained by HB&T as trustee. HB&T, as Trustee of the Common Trust, declares that it will hold and administer all money and property contributed to the Common Trust under the terms and conditions as set forth in the Declaration of Trust.
Participation in the Common Trust Funds is limited to Eligible Trusts that are accepted by the Trustee as Participating Trusts. As more fully described in the Declaration of Trust, Eligible Trusts include i) assets of any trust, including any estate, trust, guardianship or other fund, held by a person or persons, one of whom shall be HB&T, which are held and contributed by HB&T, in its capacity as trustee, executor, administrator, personal representative, committee, or guardian, or custodian under a uniform gifts to minors act; ii) any other trust permitted by applicable law to invest in the Common Trust, as determined by the Trustee in its sole discretion. No person or corporation shall be permitted to invest in the Common Trust other than a trust of which HB&T is an Authorizing Trustee.
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