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.]

---

词条贡献者

资深译员Paloma，毕业于亚洲一流的翻译学院，擅长翻译各类与境外投资相关的法律文件。