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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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 engaging in any solicitation,
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Transact business with the general public means to engage in any
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Related to Transact business with the general public

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  • Commercially Reasonable Efforts means efforts which are reasonably within the contemplation of the Parties at the time of executing this Agreement and which do not require the performing Party to expend any funds other than expenditures which are customary and reasonable in transactions of the kind and nature contemplated by this Agreement in order for the performing Party to satisfy its obligations hereunder.

  • 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.