trust indenture act

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 §§ 77aaa et seq. [Cases: Securities Regulation 29.10–29.14. C.J.S. Securities Regulation §§ 101–102.]

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词条贡献者

译员Terris，毕业于国内一流的高级翻译学院，擅长翻译有关文旅和酒店领域的法律文件。