Trust company business definition

Trust company business means the holding out by a person, by advertising, solicitation or other means, that such person is available to act as a fiduciary in this state and accepting and undertaking to act as a fiduciary in the regular course of its business. For purposes of this chapter, a person or entity does not engage in trust company business solely by:
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Trust company business means acting as a trustee and engaging in those activities stated in § 160301.1.
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Trust company business means the business of carrying on any economic activity by a company as a trustee, agent, executor or administrator pursuant to the objects of the company and, without limiting the generality of the foregoing, includes-- (a) establishing or using a share transfer office or share registration office;
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Examples of Trust company business in a sentence

  • Perform all acts necessary to exercise the powers enumerated in this section.(b) A family trust company shall not engage in:(i) Any banking business by accepting general deposits or issuing demand instruments; or(ii) Trust company business with the public.

  • Trust company business as defined in this chapter does not 17 constitute banking as defined in subdivision 51A-1-2(4); 18 (15) "Trust service office," any office, agency, or other place of business at which the 19 powers granted to trust companies are exercised either by a trust company other than 20 the place of business specified in a trust company's certificate of authority or within 21 this state by an out-of-state trust institution.

  • Do and perform all acts necessary or incidental to exercise the powers enumerated in this section or authorized by this chapter and any other applicable laws of this State.2. A family trust company shall not engage in any:(a) Banking with the public; or(b) Trust company business with the public unless licensed pursuant to chapter 669 of NRS.

  • So long as shareholders may cumulate their votes in the election of Directors, if less than the entire Board of Directors is to be removed, no Director may be removed without cause if the votes cast against his removal would be sufficient to elect him if then cumulatively voted at an election of the entire Board of Directors, or, if there be classes of Directors, at an election of the class of Directors of which he is a part.

  • The contact details of the CIFO are: Phone Jersey: +44 (0) 1534 748610 Phone Guernsey: +44 (0) 1481 722218 Email: enquiries@ci-fo.org Write to: Channel Islands Financial Ombudsman PO Box 114 Jersey Channel Islands JE4 9QG Website: www.ci-fo.org Zurich Trust Limited is regulated by the Jersey Financial Services Commission (JFSC) for the conduct of Trust company business under the Financial Services (Jersey) Law 1998 and is regulated in Jersey under number 84679.

  • Boal & Co Jersey is regulated by the Jersey Financial Services Commission for the conduct of Trust company business under the Financial Services (Jersey) Law 1998 and is registered in Jersey under number 84679.

  • In considering such an3 application, the Commissioner shall determine whether:4 (a) The management and personnel of the savings bank are5 qualified to conduct trust company business;6 (b) Trust company business will be adequately conducted in7 compliance with the law; and8 (c) The financial and managerial resources of the savings bank9 are sufficient to support the conduct of trust company business.10 3.

  • However, in our model Tobin’s q, as given by (17), is the expectation of market value, ψv(·), and not of intrinsic value.

  • In considering such an5 application, the Commissioner shall determine whether:6 (a) The management and personnel of the savings bank are7 qualified to conduct trust company business;8 (b) Trust company business will be adequately conducted in9 compliance with the law; and10 (c) The financial and managerial resources of the savings bank11 are sufficient to support the conduct of trust company business.12 3.

Related to Trust company business

  • Company Business means the business of the Company as presently conducted.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which –

  • Business Systems means all Software, computer hardware (whether general or special purpose), electronic data processing, information, record keeping, communications, telecommunications, networks, interfaces, platforms, servers, peripherals, and computer systems, including any outsourced systems and processes, that are owned or used or held for use in the conduct of the Company Business.

  • Resident Business or “Resident Contractor” means an entity that has a valid resident certificate issued by the NM Taxation and Revenue Department pursuant to Section 13-1-22 NMSA 1978.

  • Business Centre means each of the places so specified in the relevant Pricing Supplement.

  • 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.

  • Public business means and includes all matters which relate in any way, directly or indirectly, to the performance of the public body’s functions or the conduct of its business.

  • Company Systems means all information technology and computer systems, electronic data processing, record keeping systems, communications systems, telecommunications systems, networking systems, account management systems, inventory management systems and other applications, Software, hardware and equipment (including all databases, firmware and related documentation) and information contained therein or transmitted thereby, including any outsourced systems and processes, in each case necessary for or otherwise used or held for use by or on behalf of the Target Companies.

  • Veteran-owned Small Business Enterprise (VSBE) means A business that is verified by the Center for Verification and Evaluation (CVE) of the United States Department of Veterans Affairs as a veteran-owned small business. See Code of Maryland Regulations (COMAR) 21.11.13.

  • Private Business Use means use (directly or indirectly) in a trade or business or activity carried on by any Private Person (other than a Tax-Exempt Organization) other than use as a member of, and on the same basis as, the general public.

  • Homemaker services means the professionally directed or supervised simple household maintenance or management services provided by trained homemakers or individuals to families in their own homes.

  • Active business operations means all business operations that are not inactive business operations.

  • 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.

  • Business enterprise means a firm, sole proprietorship, partnership, association, corporation, company, or other business entity of any kind including, but not limited to, a limited liability corporation, incorporated professional association, joint venture, estate, or trust.

  • Principal Business means the primary activity as determined by analyzing the amount of capi- tal, labor, time, attention, and floor space devoted to each business activity and by analyz- ing the sources of net income and gross income. The name, appearance, and advertising of the entity may also be taken into consideration if they are given less weight.

  • Small Business Enterprise means, as MCC 2-92-670 may be updated from time to time, a small business as defined by the U.S. Small Business Administration, pursuant to the business size standards found in 13 C.F.R. Part 121, relevant to the scope(s) of work the firm seeks to perform on city contracts. A firm is not an eligible small business enterprise in any city fiscal year in which its gross receipts, averaged over the firm's previous five fiscal years, exceed the size standards of 13 C.F.R. Part 121.

  • Doing business means engaging in any activity, whether legal or illegal, that is conducted

  • Inactive business operations means the mere continued holding or renewal of rights to property previously operated for the purpose of generating revenues but not presently deployed for such purpose.