Sentence examples for acts as trustee for from inspiring English sources

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.

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.

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 subpoenas went to companies that act as trustees for mortgage pools or that service the loans in them.

In the case of public education, parents and public officials act as trustees for their children in setting many aspects of the investment paths.

Sometimes banks or brokers will agree to act as trustees for such assets.

Trust companies get their title from the fact that they act as trustees for their clients in a fiduciary capacity.

Deutsche Bank, which acts as trustee, said in a statement: "The trustee is not responsible for foreclosures or selling foreclosed property.

The division, which acts as a trustee for corporate and municipal bondholders, will add 20,000 clients and $689 billion in assets under management, a U.S. Bancorp spokesman, Steve Dale, said.