Trust Company (band)

Trust Company (also typeset as TRUSTcompany and TRUST*CO) is an American rock band from Prattville, Alabama.

History

Formation and The Lonely Position of Neutral (1997–2002)

Formed in 1997, Trust Company came together through vocalist Kevin Palmer and drummer Jason Singleton, who briefly played drums in the Ed Kemper Trio. Originally called 41 Down, the band then recruited bassist Josh Moates and guitarist James Fukai. After building a local fan-base and releasing a self-titled album as well as a couple demos, the band went on to sign a major label deal with Geffen Records. The band then changed their name to Trust Company to avoid confusion with the Canadian band Sum 41.

The group released its debut album, The Lonely Position of Neutral, on July 23, 2002. The album was well received with the lead single "Downfall" gaining heavy exposure through MTV2. Subsequently, the song entered the Billboard Hot 100 singles charts. A second single "Running From Me" followed with more moderate success. The Lonely Position was certified gold by the RIAA, and the band went on to tour with artists such as Thirty Seconds to Mars and Papa Roach. They also toured with KoRn and Disturbed as part of the Pop Sux Tour in 2002.

Fiduciary trust

A fiduciary trust is a fiduciary relationship in which a trustee holds the title to assets for the beneficiary. The trust's creator is called the grantor.

One usage of the term "fiduciary trust" is to distinguish the word "trust" from usage in general contexts where it does not imply a trustee-beneficiary relationship, and also sometimes to distinguish it from implied trusts (such as some constructive trusts and some resulting trusts) in which the trustee does not have express intent of a major fiduciary duty involving nontrivial discretion on the part of the trustee.

References

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