The phrase "acted as trustee" is correct and usable in written English.
You can use it when describing someone who has taken on the responsibilities or role of a trustee in a legal or financial context.
Example: "In the absence of the original trustee, she acted as trustee to ensure the proper management of the estate."
Alternatives: "served as trustee" or "functioned as trustee".
U.S. Bancorp, based in Minneapolis, acted as trustee for the debt instruments but does not own any of the Polysindo notes itself, a spokesman said.
The scheme caught the public imagination; King George I granted a charter; the archbishop of Canterbury acted as trustee; subscriptions poured in; and Parliament passed a contingent grant of £20,000.
Fitch lowered $155 million of DVI bonds to "CCC" from "B+" and U.S. Bank National Association, the subsidiary of U.S. Bancorp that acted as trustee of those bonds, notified DVI it was in default.
Deutsche Bank, which acts as trustee, said in a statement: "The trustee is not responsible for foreclosures or selling foreclosed property.
In turn, according to the filings, the Stefano Ricucci Trust owns Magiste International, and a Guernsey-registered trustee company acts as trustee of the trust.
The department's Bureau of Indian Affairs acts as trustee of the $56 million fund, and the black Seminoles said the bureau should assure that they were not the victims of discrimination.
The theory is that the government acts as trustee for the public and that the public is protected by having its social security taxes put in a separate fund.
Citicorp Trustee Company, which acts as trustee for bonds issued by MEL, wrote in June that it regarded the buyback as illegal.Settling accountsUnderlying these questions is the suspicion, frequently aired in the Austrian press but emphatically denied by Mr Meinl, that the buyback was intended to benefit Meinl Bank at the expense of MEL's shareholders.
Perry herself runs the firm, which acts as trustee for the Perrys and several other families, holding title to some $100 million in assets.
World Contractual's literature promises licensees a cut of trust set-up fees of from $6,000 to $8,000, as well as monthly fees of $150 to $12,000 per customer to act as trustee.
In a sense, therefore, the owners act as trustees".
