MLchartDataset catalogue

Corporate trustee

Term · Law · MLC-T-LAW-001323

A financial institution, such as a bank or trust company, appointed to manage assets held in a trust for the benefit of beneficiaries. Unlike individual trustees, a corporate trustee offers perpetual existence, specialized expertise in investment management, and impartiality. They are subject to strict regulatory oversight and fiduciary duties to administer the trust according to its terms.

Table 1. Record
IdentifierMLC-T-LAW-001323
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001323",
  "term": "Corporate trustee",
  "field": "Law",
  "definition": "A financial institution, such as a bank or trust company, appointed to manage assets held in a trust for the benefit of beneficiaries. Unlike individual trustees, a corporate trustee offers perpetual existence, specialized expertise in investment management, and impartiality. They are subject to strict regulatory oversight and fiduciary duties to administer the trust according to its terms.",
  "url": "https://mlchart.com/terminology/law/corporate-trustee/"
}

Record 1,171 of 5,441 in Law terminology (MLC-0107). Request the full dataset.