Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Trust Indenture Act
A federal law, enacted in 1939, designed to protect investors of certain types of bonds by requiring that (1) the SEC approve the trust indenture, (2) the indenture include certain protective clauses and exclude certain exculpatory clauses, and (3) the trustees be independent of the issuing company. 15 USCA ยงยง 77saa et seq.
trust indenture
1. A document containing the terms and conditions governing a trustee's conduct and the trust beneficiaries' rights. - Also termed indenture of trust. 2. See deed of trust under DEED.