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- Public trust company means a trust company that has been granted a charter by the commissioner to engage in trust company business with the general public;
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Aug 8, 2024 · A trust company is a legal entity that acts as a fiduciary, agent, or trustee on behalf of a person or business trust. A trust company is typically tasked with the administration,...
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Public trust company means a trust company that has been granted a charter by the commissioner to engage in trust company business with the general public;
Jun 20, 2016 · For a list of entities with trust corporation status, see Practice note, Trust corporations: overview: Statutory definition and Bodies entitled to act as custodian trustee.
Aug 27, 2024 · Get access to CIPS Glossary of Terms. Discover the leading definitions in the Procurement & Supply profession.
What Is a Public Trust Company? A public trust company resembles a traditional bank trust department or bank trust company; the defining factor is that they serve multiple or unrelated families as well as individuals with much less wealth.
Curious to learn more about trust terminology & trust terms? Read through our glossary to better understand trust terminology that’s used by the industry.
Nov 23, 2000 · Part I (sections 1-2) of the Act introduces a new safeguard for beneficiaries in the form of a statutory duty of care which will apply to trustees in the exercise of their new wider powers under...
