英语词汇“trust corporation”的英英意思、用法、释义、翻译、读音、例句、短语、词组-英语词典

trust corporation

noun English Law

A corporation empowered to act as a trustee, provided that it is a registered company which satisfies certain conditions.A trustee may also retire, without a fresh appointment being made to replace him, under TA 1925, s. 39 but only if there remain at least two trustees or the remaining trustee is a trust corporation....

A trust corporation alone can give a valid receipt for capital money arising from the sale of land.
The requirement to pay capital money to two trustees or a trust corporation was newly introduced by the 1925 legislation.

单词	trust corporation
释义	trust corporation noun English Law A corporation empowered to act as a trustee, provided that it is a registered company which satisfies certain conditions.A trustee may also retire, without a fresh appointment being made to replace him, under TA 1925, s. 39 but only if there remain at least two trustees or the remaining trustee is a trust corporation.... A trust corporation alone can give a valid receipt for capital money arising from the sale of land. The requirement to pay capital money to two trustees or a trust corporation was newly introduced by the 1925 legislation.
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