Can A Trust Be A Corporate Officer

Can A Trust Be A Corporate Officer

In the United States, state corporation law uniformly provides that only natural [living] persons may serve as directors of corporations, therefore a trust cannot be a corporate officer. Further, a trust can hold stock for a C-Corporation, but there are limitation on what type of trust can hold stock for an S-Corporation (i.e. only grantor trusts, testamentary trusts, voting trusts, ESBTs, and qualified trusts).

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