State trust company definition

State trust company means a company organized under the provisions of this Article and a trust company previously organized under other provisions of Chapter 53 of the General Statutes to operate only as a trust company and not as a commercial bank.

State trust company means a corporation or a limited liability company organized or reorganized under this title, including a trust company organized under the laws of Washington state before January 5, 2015.

State trust company or "trust company" means a trust association or limited trust association organized or reorganized under this subtitle, including an association organized under the laws of this state before September 1, 1997. If the context or circumstances require, the term includes a trust company organized under the laws of another state that lawfully maintains a trust office in this state in accordance with Chapter 187.

Examples of State trust company in a sentence

• Any safekeeper used by a Federal credit union must be regulated and su- pervised by either the Securities and Exchange Commission, a Federal or State depository institution regulatory agency, or a State trust company regu- latory agency.

• The Commissioner may disapprove the proposed trust office or representative trust office if the Commissioner finds that the State trust company lacks sufficient resources to undertake the proposed expansion without adversely affecting its safety or soundness.

• Any provision consistent with G.S. 55-2-02(b) and other applicable law that the organizers elect to set forth in the articles of incorporation for the regulation of the internal affairs of the State trust company.

• With respect to a trust institution other than a State trust company, its principal place of business.

• The power to exercise, directly or indirectly, a controlling influence over the management or policies of the State trust company.

More Definitions of State trust company

State trust company means a trust com- pany organized under State law that is not engaged in the business of receiving deposits, other than trust funds.

State trust company means a corporation organized under this act and chartered to act as a fiduciary by the state, including a trust company organized under the laws of this state before the effective date of this act.

State trust company means a trust company organized under state law that is not engaged in the business of receiving deposits, other than trust funds.(e) Policy—(1) Factors—(i) In general. When the OCC evaluates any applica- tion for a business combination, the OCC considers the following factors:

State trust company means a trust association or limited trust association organized or reorganized under this subtitle, including an association organized under the laws of this state before September 1, 1997.

State trust company means a corporation organized or reorganized under the Banking Act whose purposes and powers are limited to fiduciary purposes and powers, including a trust company previously organized under the laws of this state.

State trust company means a corporation or a

State trust company means a corporation company organized under the