Understanding the Trust Indenture Act of 1939

The Trust Indenture Act of 1939 mandates formal written agreements for bond issues over $10 million to fully disclose terms, ensuring bondholder rights via a trustee.
JD Supra

Pennsylvania Adopts Directed Trust Act, Modernizing Trust Administration and Enhancing Trustee Selection

In July 2024, Pennsylvania Governor Josh Shapiro signed the Pennsylvania Directed Trust Act, Senate Bill 1231 (now part of Act No. 64 of 2024, sponsored by Senator Lisa Baker), into law, making ...
JD Supra

Pennsylvania’s Uniform Directed Trust Act Creates New Flexibility in Trust Administration

Pennsylvania will soon become the 20th state to adopt a version of the Uniform Directed Trust Act (the Act), adding a new subchapter to the PEF Code and significantly changing the existing provisions ...
The Connecticut Mirror

Expansion of CT Trust Act passes House on largely party-line vote

Rep. Craig Fishbein, R-Wallingford, the ranking Republican on the Judiciary Committee, left, and House Minority Leader Vincent J. Candelora, R-North Branford, and Rep. Tracy Marra, R-Darien, before ...