The person who administrates in a bankruptcy proceeding and manages the ongoing affairs of the bankrupt company or the person and ensures it continues to function and that timely payments are being made. … [Read more...] about TRUSTEE IN BANKRUPTCY
TRUSTEE IN BANKRUPTCY
TRUSTEE
(A) The person who manages the assets owned by a trust and distributes the principal and/or income of the trust so as per instructions and powers that may be given in the trust. (B) estates. A trustee is one to whom an estate has been conveyed in trust. 2. The trust estate is not subject to the specialty or judgment debts of the trustee, to the dower of his wife, or the curtesy … [Read more...] about TRUSTEE
TRUST MERGER
When the trustee and the sole beneficiary of the trust are the same person or institution. As such, the interests in the trust merge and it is owned by the beneficiary and the trust no longer exists. … [Read more...] about TRUST MERGER
TRUST INDENTURE
The document which contains the terms and conditions for a trust. … [Read more...] about TRUST INDENTURE
TRUST FUND
The principal of a trust, the corpus. … [Read more...] about TRUST FUND