corporate trustee

corporate trustee
A bank or other financial institution that provides trustee services for various types of trusts.
Category: Wills, Trusts & Estates → Getting Your Affairs in Order
Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • corporate trustee — An incorporated trustee, such as a bank or trust company empowered to act in the capacity of a trustee …   Ballentine's law dictionary

  • trustee — trust·ee 1 /ˌtrəs tē/ n 1: one to whom something is entrusted: one trusted to keep or administer something: as a: a member of a board entrusted with administering the funds and directing the policy of an institution or organization b: a country… …   Law dictionary

  • Corporate trust — In the most basic sense of the term, A corporate trust is a trust created by a corporation.[1] However, the term in the United States is most often used to describe the business activities of many financial services companies and banks that… …   Wikipedia

  • trustee — I. noun Date: 1647 1. a. one to whom something is entrusted b. a country charged with the supervision of a trust territory 2. a. a natural or legal person to whom property is legally committed to be administered for the benefit of a beneficiary… …   New Collegiate Dictionary

  • corporate mortgage trust — Device for financing corporate activities which requires an indenture and an independent trustee for protection of holders of bonds and debentures. The trust holds security consisting of property in event of default …   Black's law dictionary

  • corporate trustees — Those corporations which are empowered by their charter to act as trustee, such as banks and trust companies …   Black's law dictionary

  • Private trustee — is a position set up through a Trust Indenture, a private agreement, between the Settlor of a Trust and the Trustee (Reference: United States Constitution Article I, §10). Even though this position was established long before 1634, no records can …   Wikipedia

  • United States trust law — Introduction Most law regulating the creation and administration of trusts in the United States is now statutory at the state level. In August 2004, the National Conference of Commissioners on Uniform State Laws created the first attempt to… …   Wikipedia

  • Living trust — A living trust (inter vivos trust) is a trust created during a person s lifetime. Living Trusts in the United StatesIn the United States, a living trust refers to a trust that may be revocable by the trust creator or settlor (known by the IRS as… …   Wikipedia

  • Trust law — In common law legal systems, a trust is an arrangement whereby property (including real, tangible and intangible) is managed by one person (or persons, or organizations) for the benefit of another. A trust is created by a settlor, who entrusts… …   Wikipedia

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