Carini - Trust since 1968 _______________________

It is the contract which sets up the relationship between the settlor (individual or partnership and/or corporation) and the trust company. Once the mandate has been given, the trust company assumes possessory title of the assets on behalf of the settlor even if it cannot manage them without written instructions.

In case of equity investments in different companies, the settlor must give a separate mandate for each transaction he wishes to open with the trust company.

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