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12 Jul 2022, 6:30 am
Corporate trustees, such as banks, also are an option. [read post]
13 Jun 2009, 7:49 am
Another controversial issue with the AIG Trust is that it includes a corporate opportunity opt-out provision. [read post]
15 Aug 2010, 7:55 pm by Russ
He funneled income into the trust and a shell corporation and used a mail drop in Canada, too. [read post]
7 Nov 2011, 6:44 am by John Palley
(f) Any beneficiary, any person designated by the trust instrument or the court to enforce the trust, or any nonprofit charitable corporation that has as its principal activity the care of animals may, upon reasonable request, inspect the animal, the premises where the animal is maintained, or the books and records of the trust. [read post]
20 Jan 2009, 5:15 am
  Corporate jets have become the current example of wastefulness by corporations. [read post]
7 Apr 2016, 5:52 am by Pam Potter
With a corporate trustee you have inherent oversight, and the trust would be administered by someone with experience. [read post]
25 Apr 2008, 5:00 pm
The ability to fire a current corporate trustee and appoint another corporate trustee of their choosing would seem to address all of the trust-beneficiary grievances reported on in the NY Times piece. [read post]
8 Dec 2015, 10:54 am by Adam Levitin
A large number of bankruptcy and corporate finance scholars, including several Slipsters, signed on to a letter to Congressional leadership regarding the proposed omnibus appropriations bill rider to amend the Trust Indenture Act. [read post]
29 Sep 2014, 7:49 am by Ken Laino
  An Ohio Legacy Trust can also hold S Corporation stock because it is a grantor trust. [read post]
18 Jul 2014, 4:00 pm by Gerry W. Beyer
., Dallas) recently published an article entitled, Qualifying a Grantor Trust as an ESBT After the Sale of S Corporation Shares, Probate & Property Vol. 28 No. 4, 58-60 (July/August 2014). [read post]
12 Sep 2021, 4:54 am by Cari Rincker
As a small business owner, you can hold the business in a trust instead of using a business entity such as a limited liability company (LLC) or corporation. [read post]
22 Mar 2022, 3:13 pm by Gerry W. Beyer
It is a common estate planning practice for small business owners to transfer ownership of their business interests into their revocable living trusts. [read post]
5 Aug 2011, 6:07 pm by Jennings Strouss & Salmon
Bank of Shorewood, Shorewood, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation—Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. [read post]
Basics of a TIST For a trust to take advantage of the Tennessee Investment Services Trust protections, the trust must:  Have at least one of the trustees be a “Tennessee” trustee, who is either a Tennessee resident or a corporate trustee authorized to serve in Tennessee, but cannot be the client creating the trust; and  Have at least some of the trust property held in Tennessee, such as an investment account in a bank or… [read post]
27 Sep 2021, 6:19 am
Bebchuk and Roberto Tallarita; For Whom Corporate Leaders Bargain by Lucian A. [read post]
At the time the defendant was appointed as a trust advisor, she was the vice president and corporate secretary of the business, as well as a member of the board of directors. [read post]
15 Nov 2019, 7:54 am by Bill Bratton
Meanwhile, many states never adopted it and, analogizing to trust law, let officers and directors contract with the company subject to approval by a disinterested director majority. [read post]