Qualified United States financial institution means an institution that:
Qualified United States financial institution means an institution meeting the requirements of rule 191—32.4(508), except as permitted otherwise by the commissioner.
Qualified United States financial institution means that term as defined in section 1101.
Examples of Qualified United States financial institution in a sentence
The Grantor hereby represents and warrants that applicable law provides that the Grantor may enter into a trust agreement and establish a trust for the sole benefit of the Beneficiary and appoint a Qualified United States Financial Institution as trustee thereof.
More Definitions of Qualified United States financial institution
Qualified United States financial institution means, for purposes of meeting the requirements of a trustee as specified in Section 38‑12‑60, a financial institution that is eligible to act as a fiduciary of a trust, and is:
Qualified United States financial institution means an institution that is (a) organized or, for a United States branch or agency office of a foreign banking organization, licensed under the laws of the United States or any state thereof and has been granted authority to operate with fiduciary powers and (b) regulated, supervised and examined by federal or state authorities having regulatory authority over banks and trust companies.
Qualified United States financial institution means an institution that satisfies all of the following conditions:
Qualified United States financial institution means a bank designated as such by the Securities Valuation Office of the National Association of Insurance Commissioners (or any successor organization or regulatory agency having similar duties).
Qualified United States financial institution means a state or nationally chartered bank or trust company, organized under the laws of any state or of the United States that has been granted authority to operate with fiduciary powers.
Qualified United States financial institution means an institution that meets all of the following conditions:
Qualified United States financial institution means an institution that meets either subparagraph (i) or (ii):