Transact business with the general public definition

Transact business with the general public means any sales, solicitations, arrangements, agreements, or trans- actions to provide trust or other business services, whether or not for a fee, commission, or any other type of remuneration, with any client that is not a family member or a sole propri- etorship, partnership, joint venture, association, trust, estate, business trust, or other company that is not one hundred per- cent owned or controlled by one or more family members. [2014 c 37 § 397.]
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Transact business with the general public means to engage in any sales, solicitations, arrangements, agreements, or transactions to provide trust business services, whether or not for a fee, commission, or other type of remuneration, to more than 35 persons who are not family members, except that rules, orders, or declaratory rulings of the Commissioner may provide for other circumstances in which a State trust company either does or does not transact business with the general public. For the purposes of this subdivision, an estate, a trust, or any other legal entity having multiple beneficiaries or owners shall be deemed to constitute one person.
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Transact business with the general public means any sales,
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Examples of Transact business with the general public in a sentence

  • Transact business with the general public" means any sales, solicitations, arrangements, agreements, or trans- actions to provide trust or other business services, whether or not for a fee, commission, or any other type of remuneration, with any client that is not a family member or a sole propri- etorship, partnership, joint venture, association, trust, estate, business trust, or other company that is not one hundred per- cent owned or controlled by one or more family members.


More Definitions of Transact business with the general public

Transact business with the general public means engaging in any advertising, solicitations, arrangements, agreements or transactions to provide, accept and undertake to perform the duties as an executor, administrator, guardian, conservator or trustee in this state in the regular course of business;
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Transact business with the general public means any sales, solicitations, arrangements, agreements, or transactions to provide fiduciary services, whether or not for a fee, commission, or any other type of remuneration, with any client that is not a family member or a sole proprietorship,
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Transact business with the general public means engaging in any sales, solicitations, arrange- ments, agreements, or transactions to provide trust business services, whether or not for a fee, commission, or other type of remuneration, to more than 15 natural persons who are not family members. In order for a person to be eligible to receive such trust business services, the person shall be:
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Transact business with the general public means to engage in any
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Transact business with the general public means engaging in any solicitation,
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Related to Transact business with the general public

  • General public means all individual and Institutional Investors including both Pakistani (residents & non- residents) and foreign investors;

  • Local public procurement unit means any political subdivision or unit thereof which expends public funds for the procurement of supplies, services, or construction.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • Specially Written Software means any software created by the Contractor (or by a third party on behalf of the Contractor) specifically for the purposes of this Contract.

  • Business Property means property on which a business is conducted, property rented in whole or in part to others, or held for rental.

  • Licensed Business means the activities connected with the conveyance of

  • Generally applicable environmental radiation standards means standards issued by the U.S. Environmental Protection Agency (EPA) under the authority of the Atomic Energy Act of 1954, as amended, that impose limits on radiation exposures or levels, or concentrations or quantities of radioactive material, in the general environment outside the boundaries of locations under the control of persons possessing or using radioactive material.

  • Conduct of Business Regulations means the directions issued by the Bank from time to time on Fair Practices Code and Know Your Customer.

  • Commercially Reasonable Efforts means efforts which are designed to enable a Party, directly or indirectly, to satisfy a condition to, or otherwise assist in the consummation of, the transactions contemplated by this Agreement and which do not require the performing Party to expend any funds or assume liabilities, other than expenditures and liabilities which are reasonable in nature and amount in the context of the transactions contemplated by this Agreement.

  • Commercially Useful Function means responsibility for the execution of a distinct element of the work of the contract, which is carried out by actually performing, managing, and supervising the work involved, evidencing the responsibilities and risks of a business owner such as negotiating the terms of (sub)contracts, taking on a financial risk commensurate with the contract or its subcontract, responsibility for acquiring the appropriate lines of credit and/or loans, or fulfilling responsibilities as a joint venture partner as described in the joint venture agreement.

  • Businesses means, at any time, a collective reference to the businesses operated by the Borrower and its Subsidiaries at such time.

  • Reasonable Efforts means, with respect to any action required to be made, attempted, or taken by an Interconnection Party or by a Construction Party under Tariff, Part IV or Tariff, Part VI, an Interconnection Service Agreement, or a Construction Service Agreement, such efforts as are timely and consistent with Good Utility Practice and with efforts that such party would undertake for the protection of its own interests. Regional Entity:

  • Transaction Size means Lot Size multiplied by number of Lots.

  • Danish Financial Business Act means the Danish Financial Business Act (Consolidated Act No. 174 of 31 January 2017, as amended);

  • Trust business means the business of acting as trustee, executor or administrator;

  • Manufactured dwelling means a residential trailer, a mobile home or a manufactured