17-176 17-176 . . . Trust Agreement under which corporation will establish and fund an irrevocable trust for payment of liabilities and expenses arising out of or relating to claims or legal proceedings to which a director or officer is made party or threatened to be made party by reason of his position with corporation or any of its subsidiaries
Trust Agreement For Holding Shares
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Multi-State
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US-CC-17-176
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Word;
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How to fill out Trust Agreement Between Insituform Southeast Corp. And Trustee?
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FAQ
A trust cannot own shares in a company because the law says a trust is not a separate legal person. For example, the 'John Smith Family Trust' cannot own shares or any other property.
Assets can be transferred into the living trust either by a loan or a cash donation. In terms of South African law, a donation to a trust that does not exceed R100 000 within the applicable tax period will be exempt from donations tax (and then levied at 20% once the limit has been exceeded for that tax year).
Singapore does not itself have legislation that permits non-charitable purpose trusts, but it is possible for the shares in a Singapore PTC to be held by a trust in another jurisdiction.
A trust cannot own shares in a company because the law says a trust is not a separate legal person. For example, the 'John Smith Family Trust' cannot own shares or any other property.
Trusts. A Trust is a relationship where one party (the trustee) holds property for the benefit of someone else (the beneficiary). Trusts can exist in a number of ways and for different reasons. Although people often hold shares in companies, other companies and trusts themselves can also be shareholders.
