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Is a holding company liable for its subsidiary which also happens to be the trustee of a trust that the holding company created? In this
Is a holding company liable for its subsidiary which also happens to be the trustee of a trust that the holding company created? In this instance, the holding company is essentially running all of the activities of the trust, and is also a unit holder. The subsidiary was created solely with the purpose of acting as a trustee.
If the trust were to sign a guarantee on a debt owed to the bank, would the liability be placed on the holding company?
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