 common trust fund" means a fund maintained by a bank (as defined in section 104) — (1) exclusively for the collective investment and reinvestment of moneys contributed thereto by the bank in its capacity as a trustee, executor, administrator, or guardian...  Internal Revenue Cumulative Bulletin - Page 475by United States. Internal Revenue Service - 1981Full view - About this book
 | United States. Congress. Senate. Committee on Banking and Currency - 1959 - 2024 pages
...therefor; any common trust fund or similar fund maintained by a. bank exclusively for the collertive investment and reinvestment of moneys contributed thereto by the bank in its capacity as a trustee, executor, administrator, or gurdian; or any common trust fund or similar fond, established... | |
 | United States, United States. Congress. Joint Committee on Internal Revenue Taxation - 1961 - 1208 pages
...For purposes of this subtitle, the term "common trust fund" means a fund maintained by a bank — (1) (C) service described in section 3121 (b) (11), (12),...performed in the United States (as defined in section as a trustee, executor, administrator, or guardian; and (2) in conformity with the rules and regulations,... | |
 | 1961 - 566 pages
...as a "common trust fund." These conditions are that such fund must be maintained by such a bank: (1) Exclusively for the collective investment and reinvestment of moneys contributed thereto by the bank, whether acting alone or in conjunction with one or more co-fiduciaries, but solely in its capacity:... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1962 - 126 pages
...statutes. (2) As used in this part the term "Common Trust Fund" means a fund maintained by a national bank exclusively for the collective investment and...moneys contributed thereto by the bank in its capacity as trustee, executor, administrator, or guardian.15 (3) The purpose of this section is to permit the... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1962 - 120 pages
...statutes. (2) As used in this part the term "Common Trust Fund" means a fund maintained by a national bank exclusively for the collective investment and...moneys contributed thereto by the bank in its capacity as trustee, executor, administrator, or guardian." (3) The purpose of this section is to permit the... | |
 | United States Congress. House. Banking and Currency Committee - 1962 - 44 pages
...purposes of this subtitle, the term "common trust fund" means a fund maintained by a bank — .(1) exclusively for the collective investment and reinvestment...moneys contributed thereto by the bank in its capacity .as a trustee, executor, administrator, or guardian; and (2) in conformity with the rules and regulations,... | |
 | United States. Congress. House. Committee on Banking and Currency - 1962 - 38 pages
...For purposes of this subtitle, the term "common trust fund" means u fund maintained by a bank — (1) exclusively for the collective investment and reinvestment...moneys contributed thereto by the bank in its capacity as a trustee, executor, administrator, or guardian; and (2) in conformity with the rulcs and regulations,... | |
 | United States. Congress. House. Government Operations - 1963 - 212 pages
...accounts can qualify under section 584, which exempts common trust funds from income taxes and provides, "common trust fund means a fund maintained by a bank...moneys contributed thereto by the bank in its capacity as a trustee, executor, administrator, or guardian, and in conformity with the rules and regulations... | |
 | United States. Congress. House. Committee on Government Operations - 1963 - 206 pages
...accounts can qualify under section 584, which exempts common trust funds from income taxes and provides, "common trust fund means a fund maintained by a bank...moneys contributed thereto by the bank in its capacity as a trustee, executor, administrator, or guardian, and in conformity with the rules and regulations... | |
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