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" 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 475
by United States. Internal Revenue Service - 1981
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Comparative Regulations of Financial Insitutions

United States. Congress. House. Committee on Banking and Currency. Subcommittee on Domestic Finance - 1963 - 444 pages
...Retirement Act of 1962. Public Law 87-792, 76 Stat. S09) ; (3) in a common trust fund, maintained by the bank exclusively for the collective investment and...reinvestment of moneys contributed thereto by the bank as iiduciary, other than as trustee, executor, administrator, or guardian (this permits collective...
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Hearings, Reports and Prints of the House Committee on Interstate and ...

United States. Congress. House. Committee on Interstate and Foreign Commerce - 1964 - 1234 pages
...such fund may be designated as a "common trust fund." The first condition is that such fund must be maintained by a bank exclusively for the collective...reinvestment of moneys contributed thereto by the bank, whether acting alone or in conjunction with one or more coflduciaries, solely in its capacity (i) as...
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Amending the Bank Holding Company Act with Respect to Registered Investment ...

United States Congress. House. Banking and Currency Committee - 1965 - 392 pages
...Board's regulations. However, it was amended to its present form: "any common trust fund or similar fund maintained by a bank exclusively for the collective...moneys contributed thereto by the bank in its capacity as a trustee, executor, administrator, or guardian * * *." This language finally adopted was significantly...
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Collective Invesment Funds. Hearings ... 88-2 ... June 9, 10, 11, 1964

United States. Congress. House. Interstate and Foreign Commerce - 1965 - 140 pages
...such fund may be designated as a "common trust fund." The first condition is that such fund must be maintained by a bank exclusively for the collective...reinvestment of moneys contributed thereto by the -bank, whether acting alone or in conjunction with one or more cofiduciaries, solely in its capacity (i) as...
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Collective Investment Funds: Hearings Before the Subcommittee on Commerce ...

United States. Congress. House. Committee on Interstate and Foreign Commerce. Subcommittee on Commerce and Finance - 1965 - 144 pages
...such fund may be designated as a "common trust fund." The first condition is that such fund must be maintained by a bank exclusively for the collective...reinvestment of moneys contributed thereto by the bank, whether acting alone or in conjunction with one or more cofidticiaries, solely in its capacity (i)...
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Legislative History of the Internal Revenue Code of 1954 ..., Volumes 8-11

Floyd Morse Hubbard, United States. Congress. Joint Committee on Internal Revenue Taxation - 1967 - 1394 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,...
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Internal Revenue Cumulative Bulletin

United States. Internal Revenue Service - 1979 - 664 pages
...collective investment of trust funds by national banks. LAW AND ANALYSIS Section 584 (a) ( 1 ) of the Code provides, in part, that the term "common trust...state law that is substantially similar to the Uniform Gift to Minors Act as published by the American Law Institute, and with respect to which the bank establishes,...
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Internal Revenue Cumulative Bulletin, Part 2

United States. Internal Revenue Service - 1976 - 720 pages
...statute corresponding to the Uniform Gift to Minors Act. Section 584 of the Internal Revenue Code of 1954 provides, in part, that the term "common trust fund"...moneys contributed thereto by the bank in its capacity as a trustee, executor, administrator, or guardian. Held, the bank as custodian under the state statute...
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Internal Revenue Cumulative Bulletin, Issue 3, Volume 1

United States. Internal Revenue Service - 1976 - 612 pages
...Section 584( a) (1) (relating to definition of common trust fund) is amended to read as follows : " ( 1 ) exclusively for the collective investment and reinvestment...or guardian, or " (B ) as a custodian of accounts — "(i) which the Secretary determines are established pursuant to a State law which is substantially...
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Internal Revenue Cumulative Bulletin, Issue 2

United States. Internal Revenue Service - 1974 - 624 pages
...fund may be designated as a "common trust fund." One of these conditions is that such fund must be maintained by a bank exclusively for the collective...reinvestment of moneys contributed thereto by the bank, whether acting alone or in conjunction with one or more cofiduciaries, solely in its capacity (i) as...
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