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Trust Company
(redirected from Trust Companies)

    Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.01 sec.

A corporation formed for the purpose of managing property set aside to be used for the benefit of individuals or organizations.

The settlor (the individual who creates the trust) names the trust company in order to ascertain that the property will be handled in accordance with his or her wishes as delineated in the terms of the trust.

Trust companies sometimes act as fiscal agents for corporations by attending to the registration and transfer of their stocks and bonds, serving as a trustee for their bond and mortgage creditors, and transacting general banking and loan business.
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State Chartered Non-Depository Trust Companies Bank Chairman Address President Year Inc.
State chartered non-depository trust companies by New Hampshire Business Review
The consolidation creates one of the largest independent trust companies in America, with over $19 billion in assets under administration.
AST Consolidates Its Operations with Capital Trust, Strengthens Team ... by Business Wire
One of the major changes New Hampshire's adoption earlier this year of the Trust Modernization and Competitiveness Act of 2006 trust laws brings to the state's trust law is the creation of a new group of trust companies called family fiduciary service companies.
New trust law gives N.H. an advantage by Aronson, Doria DiBona / New Hampshire Business Review
 
 
 
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