Unit investment trust definition

Unit investment trust. ’ means an in- vestment company which (A) is organized under a trust indenture, contract of custodian- ship or agency, or similar instrument, (B) does not have a board of directors, and (C) issues only redeemable securities, each of which rep- resents an undivided interest in a unit of spec- ified securities; but does not include a voting trust.
Unit investment trust. ’ means an investment company which (A) is organized under a trust indenture, contract of cus- todianship or agency, or similar instrument, (B) does not have a board of directors, and (C) issues only redeemable securities, each of which represents an undivided interest in a unit of specified securities; but does not include a voting trust.
Unit investment trust means an in- vestment company as defined in 15U.S.C. 80a–4(2) that is a regulated in- vestment company under 26 U.S.C. 851.

Examples of Unit investment trust in a sentence

  • Jackson National Separate Account - I is a Unit Investment Trust as that term is defined in Section 4(2) of the Investment Company Act of 1940 (the "Act"), and is currently registered with the Securities and Exchange Commission, pursuant to Section 8(a) of the Act.

  • JNLNY Separate Account I is a Unit Investment Trust as that term is defined in Section 4(2) of the Investment Company Act of 1940 (the "Act"), and is currently registered with the Securities and Exchange Commission, pursuant to Section 8(a) of the Act.

  • Separate Account I is a Unit Investment Trust as that term is defined in Section 4(2) of the Investment Company Act of 1940 (the “Act”) and is currently registered with the Securities and Exchange Commission, pursuant to Section 8(a) of the Act.

  • We are of the following opinions: 1.Jackson National Separate Account - I is a Unit Investment Trust as that term is defined in Section 4(2) of the Investment Company Act of 1940 (the "Act"), and is currently registered with the Securities and Exchange Commission, pursuant to Section 8(a) of the Act.

  • We are of the following opinions: 1Jackson National Separate Account - I is a Unit Investment Trust as that term is defined in Section 4(2) of the Investment Company Act of 1940 (the "Act"), and is currently registered with the Securities and Exchange Commission, pursuant to Section 8(a) of the Act.


More Definitions of Unit investment trust

Unit investment trust means an investment company that is organized under a trust indenture, contract of custodianship or agency or similar instrument, that does not have a board of directors and that issues only redeemable securities, each of which represents an undivided interest in a unit of specified securities, but does not include a voting trust.END_STATUTE
Unit investment trust means an investment company as defined in 15U.S.C. 80a–4(2) that is a regulatedinvestment company under 26 U.S.C. 851.
Unit investment trust means an investment company that is
Unit investment trust means an investment company which:
Unit investment trust means a fund created under a trust agreement which is
Unit investment trust means an in- vestment company as defined in 15U.S.C. 80a–4(2) that is a regulated in- vestment company under 26 U.S.C. 851. 5 CFR Ch. XVI (1–1–09 Edition)
Unit investment trust or "UIT" is an investment company, as defined in the Investment Company Act of 1940, as amended (the "1940 Act").