trust corporation


Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.
Related to trust corporation: Depository 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 its 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 nationalized trust corporation. Its fees maybe altered from time to time by statutory instrument.

References in periodicals archive ?
03tn as of June 30, 2017, Northern Trust Corporation is a provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals.
Mario Miranda, head of BPI's asset management and trust group, said in a text message that all of BPI's trust assets would be 'migrated to the trust corporation.
said there are renewed interests from financial companies to set up stand-alone trust corporations in the country.
Trust Corporation and the United States Trust Company of New York are paying to the Board a civil money penalty in the amount of $5 million and are making a $5 million monetary payment to the state of New York.
In 2011, the BSP allowed the establishment of a separate trust corporation and a bank can invest as an affiliate in the new trust company, which by BSP definition, is a company engaged in trust and other fiduciary business and investment management activities which will act as trustee or financial consultant, investment adviser or portfolio manager or administer any trust or hold property in tryst or on deposit for the use and benefit of others.
Carter determined the tenants' rights were insured by New York State statutes and that the Resolution Trust Corporation (RTC) was not given the power to repudiate statutory tenancies.
Northern Trust Corporation (NASDAQ: NTRS) is a provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals.
a licensed real estate brokerage firm affiliated with The Wavecrest Management, announced that they have successfully closed the last parcel in a three-building portfolio that they handled exclusively on behalf of the Resolution Trust Corporation.
com/research/smkpsw/northern_trust) has announced the addition of the "Northern Trust Corporation - SWOT Analysis" company profile to their offering.
Northern Trust Corporation has also declared a cash dividend of USD365.
M&T Bank Corporation (NYSE: MTB) has said that it has completed its acquisition of Wilmington Trust Corporation (NYSE: WL).