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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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.

  • Since apartment living is close, we ask each tenant to demonstrate courtesy and respect to every other resident.

  • 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.

  • 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.

  • 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.

  • In considering21 such an application, the Commissioner shall determine whether:22 (a) The management and personnel of the savings bank are qualified to conduct23 trust company business;24 (b) Trust company business will be adequately conducted in compliance with25 the law; and26 (c) The financial and managerial resources of the savings bank are sufficient to27 support the conduct of trust company business.28 3.

  • 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.

  • 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.

  • Perform all acts necessary to exercise the powers enumerated in this chapter.(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 general public.

Related to Trust company business

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

  • Company Business means the business of the Company and its Subsidiaries 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.

  • Business trust means a trust created for the purposes of making a profit through the combination of capital contributed by the beneficiaries of the trust and through the administration or management of the capital by trustees or a person acting on behalf of those trustees, for the benefit of the beneficiaries;

  • Delaware Business Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq., as it may be amended from time to time.

  • 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.

  • Trust Company means a financial institution, corporation, or other legal entity, authorized to exercise general trust powers.

  • Business Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq., as it may be amended from time to time, or any successor legislation.

  • 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.

  • Financial Services Business for purposes of this Unit Agreement shall mean the business of banking, including deposit, credit, trust and investment services, mortgage banking, asset management, and brokerage and investment banking services. (C) The term "Managerial Responsibilities" for purposes of this Unit Agreement shall mean managerial and supervisory responsibilities and duties that are substantially the same as that Grantee is performing for SunTrust or a SunTrust Affiliate on the date of this Unit Agreement. (D) The term "SunTrust Affiliate" for purposes of this Unit Agreement shall mean any corporation which is a subsidiary corporation (within the meaning of §424(f) of the Code) of SunTrust except a corporation which has subsidiary corporation status under §424(f) of the Code exclusively as a result of SunTrust or a SunTrust Affiliate holding stock in such corporation as a fiduciary with respect to any trust, estate, conservatorship, guardianship or agency. (E) The term "Territory" for purposes of this Unit Agreement shall mean the states of Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia, which are the states and Territories in which SunTrust has significant operations on the date of this Unit Agreement. (F) "Trade Secret" for purposes of Unit Agreement shall mean information, including, but not limited to, technical or nontechnical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans, or a list of actual or potential customers or suppliers that: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from it is disclosure or use, and (ii) is the subject of reasonable efforts by SunTrust or a SunTrust Affiliate to maintain its secrecy.

  • 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 Software (including Company Products), computer hardware (whether general or special purpose), information technology, 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, leased, licensed or used by or for, or otherwise relied on by, the Company or its Subsidiaries in the conduct of their businesses.

  • 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.

  • banking business means the business of accepting deposits withdrawable or repayable on demand or after a fixed period or after notice and the employment of those deposits, in whole or in part, by lending or any other means for the account and at the risk of the person accepting the deposits;

  • 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.

  • publicly accountable enterprise means a publicly accountable enterprise as defined in Part 3 of National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards;

  • 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 (SBE) means a business that is certified as an SBE under this program or the following similar programs and meeting the below economic thresholds (Section III “Economic Size Standards”).

  • 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