A state chartered company created to fulfill a particular trust function, such as that of safekeeping securities for a financial institution or firm. Its activities are limited only to the performance of any actions necessary or incidental for the execution of its powers.
Related information about limited purpose trust company:
- Limited Purpose Trust Company Definition | Investopedia
A trust company that has been chartered by the state to perform specific trust functions. These functions can include acting as a depositor or safekeeper for ...
- Subchapter V. Limited Purpose Trust Companies - Delaware Code
(b) No limited purpose trust company established under this subchapter may: ... by this subchapter, the organization of a limited purpose trust company shall be ...
- DFS Applications: Organization of a Limited Purpose Trust Company
The term “limited purpose trust company” refers to institutions chartered under the bank and trust company provisions of the New York Banking Law but without ...
- Limited Purpose Trust Company: Definition from Answers.com
Limited Purpose Trust Company State chartered trust company that performs specific trust functions. Examples are the Dep.
- Limited Purpose Trust Company - The Stewart Law Firm
The Stewart Law Firm's experience in corporate transactional work, combined with a reputable history of sustaining secure investment company structures, and ...
- General Laws: CHAPTER 172, Section 9A
A person seeking authority to establish a limited purpose trust company under this section shall file a notice and an application for a certificate with the ...
- What is limited purpose trust company? definition and meaning
Definition of limited purpose trust company: A state chartered company created to fulfill a particular trust function, such as that of safekeeping securities for a ...
- DOB: Limited Purpose Trust Company Financial Information
Mar 3, 2006 ... Limited Purpose Trust Company Financial Information Abstract: September 2005.