Series 66: 7.3. Trust Indenture Act Of 1939

Taken from our Series 66 Online Guide

7.3. Trust Indenture Act of 1939

There are also registration requirements for corporate bond offerings. The Trust Indenture Act of 1939 states that all companies that issue more than $50 million in corporate bonds must sell those bonds under a trust indenture. A trust indenture is a contract that spells out the covenants to be honored by the issuer and allows a trustee to take actio

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