trust corporation

trust corporation
a company that has as its main or subsidiary sphere of operations the administration of trusts, with itself as trustee. The company should have an issued capital of at least £250,000 of which at least £100,000 should have been paid up. It is empowered to charge fees for it services at a level not higher than those charged by the public trustee.
The public trustee, set up under the Public Trustee Act 1906, is in effect the nationalised trust corporation. Its fees may be altered from time to time by statutory instrument.

Collins dictionary of law. . 2001.


trust corporation
A corporation which undertakes the business of administering trusts and which satisfies a number of conditions, in particular, those which would enable it to act as a custodian trustee (section 68, Trustee Act 1925). These conditions include requirements that it must be constituted in the UK or EU, have a place of business in the UK and have a minimum paid up share capital of £250,000 of which at least £100,000 is paid up in cash.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • trust corporation — noun an organization (usually with a commercial bank) that is engaged as a trustee or fiduciary or agent in handling trust funds or estates of custodial arrangements or stock transfers or related services • Syn: ↑trust company • Hypernyms:… …   Useful english dictionary

  • trust corporation — /ˈtrʌst kɔpəˌreɪʃən/ (say trust kawpuh.rayshuhn) noun a corporation organised to exercise the functions of a trustee …  

  • Resolution Trust Corporation — The Resolution Trust Corporation (RTC) was a United States Government owned asset management company charged with liquidating assets (primarily real estate related assets, including mortgage loans) that had been assets of savings and loan… …   Wikipedia

  • Jewish Trust Corporation — Die Jewish Trust Corporation (JTC) war eine Treuhänderstelle. Sie wurde 1945 im Deutschland der Nachkriegszeit für die britische und die französische Besatzungszone gegründet, um insbesondere erbenloses jüdisches Vermögen zu erfassen und zu… …   Deutsch Wikipedia

  • Trinidad and Tobago Unit Trust Corporation — The Trinidad and Tobago Unit Trust Corporation (UTC) is a mutual fund company based in Port of Spain, Trinidad and Tobago. Founded in 1981 through an Act of Parliament, the company describes itself as the leading mutual fund company in the… …   Wikipedia

  • Resolution Trust Corporation - RTC — A temporary federal agency established under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA), enacted on Aug. 9, 1989, to resolve the savings and loan (S L) crisis of the 1980s. The Resolution Trust Corporation (RTC) had… …   Investment dictionary

  • Resolution Trust Corporation — A federal agency which succeeds the former Federal Savings and Loan Insurance Corporation (FSLIC) as conservator or receiver of federal savings and loan associations which became insolvent while insured by the FSLIC. One of agency s functions is… …   Black's law dictionary

  • RESOLUTION TRUST CORPORATION — (RTC) Трастовая корпорация для урегулирования, созданная США в 1989 г. при участии правительства, в соответствии с законом о спасении от банкротства (ссудо сберегательных ассоциаций) для объединения или ликвидации ссудо сберегательных институтов …   Финансово-инвестиционный толковый словарь

  • trust company — noun an organization (usually with a commercial bank) that is engaged as a trustee or fiduciary or agent in handling trust funds or estates of custodial arrangements or stock transfers or related services • Syn: ↑trust corporation • Hypernyms:… …   Useful english dictionary

  • Corporation Service Company — (CSC) Type Privately Held Corporation Industry Registered Agent, Corporate Governance, Corporate Compliance, Name and Intellectual Property Management Founded Delaware (1899) …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”