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to act as a trustee under a mortgage securing an issue of bonds, as a financial or fiscal agent of a municipal or private corporation, as a transfer agent and registrar, as a depositary for protective and reorganization committees, and as an escrow agent

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14y ago

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Why are individual trusts often established?

Individual trusts are often established for individuals with lack of business experience, people in poor health, absentee property holders, the elderly, and persons traveling or residing in foreign countries


What are corporate trusts?

Corporate trusts act as fiscal agents, registrars of stock, transfer agents, trustees under deed of trusts, depositary for protective committees, reorganization committees, and escrow agents


What was the purpose of corporate shareholder That Were trusts in the US created in the late 1800s?

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What has the author Harry L Purdy written?

Harry L. Purdy has written: 'Corporate concentration and public policy' -- subject(s): Corporation law, Industrial Trusts, Restraint of trade, Trusts, Industrial


Did Roosevelt believe that all the monopolistic corporate trusts should be broken up and competition restored among smaller business?

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How does President Roosevelt felt about trusts?

President Theodore Roosevelt viewed trusts, or large corporate monopolies, with a mix of skepticism and pragmatism. He believed that while some trusts could promote efficiency and innovation, many were creating unfair competition and exploiting consumers. As a result, he championed the regulation of these trusts through antitrust measures, most notably with the Sherman Antitrust Act, to ensure fair competition and protect the public interest. Roosevelt's approach was to distinguish between "good" trusts that benefited society and "bad" trusts that harmed it.


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established land conservation areas(: Breaking up trusts