| 单词 | Trustee corporation |
| 释义 | 信託法團 A corporate body holding personal property and land. A corporation appointed by the court in any particular case to be a trustee (if authorised by its constitution to act as trustee): Trustee Ordinance (Cap 29) s 2; Probate and Administration Ordinance (Cap 10) s 2. In relation to securities, any other corporation that carries on a business of a nature similar to that of a registered trust corporation, and is regulated under the law of any place outside Hong Kong: Securities and Futures (Professional Investor) Rules (Cap 571D) s 2. A trust corporation may act as an executor of a will (Trustee Ordinance (Cap 29) s 82); apply for probate or administration (s 83). A trust corporation may be appointed in the same manner as if it were a private individual, provided that no trust corporation shall be appointed in any case in which the instrument creating the trust, or the power authorising the appointment, forbids the appointment of a corporation: s 85. A trust corporation, acting in a fiduciary capacity, shall be capable of acquiring and holding any property in joint tenancy in the same manner as if it were a private individual: s 86. Also known as ‘trust company’. See also Corporate trustee. |
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