trust corporation

(redirected from Resolution Trust Corporation)
Also found in: Dictionary, Thesaurus, Financial, Acronyms, Encyclopedia, Wikipedia.

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.

Collins Dictionary of Law © W.J. Stewart, 2006
References in periodicals archive ?
Resolution Trust Corporation, Office of Planning, Research, and Statistics.
The Federal Deposit Insurance Corporation announced its plans for the remaining regulations and contracts of the Resolution Trust Corporation (RTC), the agency established in 1989 to manage the assets and liabilities of failed savings and loans institutions.
I was originally hired by the Resolution Trust Corporation in August 1991.
The 1989 Financial Institutions Reform, Recovery, and Enforcement Act replaced the Federal Home Loan Bank Board--which formerly regulated savings institutions--with the Resolution Trust Corporation, the Office of Thrift Supervision, and the Resolution Trust Oversight Board.
In most cases, the biggest worry is what the Resolution Trust Corporation (RTC) will do once it has become the receiver for a failed institution.
"In other jurisdictions, there is the establishment of a RTC (resolution trust corporation) where these projects are incorporated into a holding structure.
government used the Resolution Trust Corporation (RTC) to pull out nonperforming assets nearly 20 years ago following the savings-and-loan (S&L) crisis, Taylor said the current situation does not apply.
Prior to forming Athena, Dubin was creator and director of the $1.7 billion National Land Fund for the Resolution Trust Corporation.
Despite the constant criticism against foreigners, the Danaharta/Danamodal program looks a lot like America's Resolution Trust Corporation. And it has been more effective and fair than many of the other more cosmetic efforts in the region -- notably those of Thailand and Indonesia but also that of South Korea.
The Resolution Trust Corporation earlier this decade chose to offer commercial real estate in what might be termed a fire sale because it was the only way an otherwise seized-up market could be galvanized.
It does not occur to them that much of their database -- the one provided by the Resolution Trust Corporation -- is laughably flawed.