common trust fund

common trust fund
One composed of funds contributed by estates, trusts and guardianships, maintained and operated by a bank or trust company for exclusive use of its own estates, trusts and guardianships, under permission of law of state in which it is located and according to rules and regulations promulgated by Federal Reserve System. Mechanicks Nat. Bank of Concord v. D'Amours, 100 N.H. 461, 129 A.2d 859, 862.
Type of trust fund in which funds of many persons are commingled for purposes of economy of administration and counselling and in which a bank or other financial institution is trustee; regulated almost entirely by statute. Several states have adopted the Uniform Common Trust Fund Act

Black's law dictionary. . 1990.

См. также в других словарях:

  • common trust fund — see fund 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • common trust fund — One composed of funds contributed by estates, trusts and guardianships, maintained and operated by a bank or trust company for exclusive use of its own estates, trusts and guardianships, under permission of law of state in which it is located and …   Black's law dictionary

  • common trust fund — A trust fund, held by a bank or trust company as trustee, which is actually a combination of several, sometimes many, trust funds in limited amounts, the funds being mingled for the purpose of efficiency and economy in administration and… …   Ballentine's law dictionary

  • common trust fund — noun : a fund which is managed by a bank or trust company and in which the assets of many small trusts are handled as a single portfolio with individual beneficiaries receiving returns proportionate to their share of the principal …   Useful english dictionary

  • Common contractual fund — A Common Contractual Fund (CCF) is a new collective investment scheme structure in Ireland introduced by the European Communities UCITS Regulations, 2003. The CCF is an unincorporated body established by a management company under which the… …   Wikipedia

  • Common Good Fund — For other uses, see Common Good (disambiguation). Aberdeen s Common Good Fund is a fund to benefit the people of Aberdeen, Scotland. It was created as a result of Robert the Bruce granting the cities Great Charter in 1319, after they sheltered… …   Wikipedia

  • trust fund theory — or doctrine Generic term used in many contexts to describe the imposition of fiduciary obligations on persons who control money or property of another under certain circumstances. A creature of equity which operates to treat officers, directors,… …   Black's law dictionary

  • trust fund theory or doctrine — Generic term used in many contexts to describe the imposition of fiduciary obligations on persons who control money or property of another under certain circumstances. A creature of equity which operates to treat officers, directors, or majority… …   Black's law dictionary

  • Common Good Fund (Aberdeen) — Aberdeen s Common Good Fund is a fund to benefit the people of Aberdeen, Scotland. It was created as a result of Robert the Bruce granting the cities Great Charter in 1319, after they sheltered him during his days of outlaw.… …   Wikipedia

  • trust fund — collection of money for a common investment …   English contemporary dictionary


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