The phrase "act as trustee" is correct and usable in written English.
It can be used in legal or financial contexts when referring to someone who is performing the duties of a trustee for a trust or estate.
Example: "The attorney will act as trustee until the estate is settled and all assets are distributed."
Alternatives: "serve as trustee" or "function as trustee".
In a sense, therefore, the owners act as trustees".
The subpoenas went to companies that act as trustees for mortgage pools or that service the loans in them.
The conservative thinker Edmund Burke wrote that we must act as trustees of the world – what he called "temporary possessors and life renters", rather than its "entire masters".
In the case of public education, parents and public officials act as trustees for their children in setting many aspects of the investment paths.
They drew in the Archbishop of York, John Sentamu, and Prof Carl Chinn to act as trustees of the fund; I imagine they, like us, feel conned.
Boring, stolid, small and safe Icelandic saga The twilight zone ReprintsTen self-selecting local businessmen and professionals act as trustees, forming the board which Mr Lindsay reports to but does not sit on.
While British Waterways had a largely paid workforce, the Canal & River Trust relies on volunteers to act as trustees, to look after towpaths and carry out construction work, and act as lock-keepers.
(k) which related to the authority of the Board of Governors of the Federal Reserve System to permit national banks to act as trustees, etc., and is now covered by section 92a of this title.
But that amount is far less than the money received by the lawyers that act as trustees and the firms that help them shepherd the cases through the bankruptcy courts, trying to recover additional assets from the failed brokerage firms and assessing customer claims for validity.
Sometimes banks or brokers will agree to act as trustees for such assets.
