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3 Cards in this Set
- Front
- Back
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Bond trust indentures are required for:
A) corporate debt securities |
Answer: A
Muni & government bonds are exempt from the Trust Indenture Act of 1939. Revenue bonds are frequently issued with a trust indenture, but no legal requirement to do so exists. The Trust Indenture Act of 1939 requires that corporate bond issues of $5M or more, sold interstate, must be issued with a trust indenture. |
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All of the following securities are exempt from the Trust Indenture Act of 1939 EXCEPT:
A) debenture |
Answer: A
The Trust Indenture Act regulates new corporate debt issues, including debentures. |
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