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. 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... | |
| 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... | |
| 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... | |
| 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,... | |
| 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... | |
| 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... | |
| 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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