Which of the following is NOT a duty of a trust company appointed when bonds are issued?

Question

Quizplus · Accepted Answer

The trust company does not decide when the bonds should be called; this decision is typically made by the issuer of the bonds based on the terms outlined in the bond agreement or indenture. The trust company's role is to ensure that the terms of the indenture are obeyed, manage the sinking fund if applicable, monitor protective covenants for the bondholders, and represent the bondholders in case of default, but not to decide on calling the bonds.

Which of the Following Is NOT a Duty of a Trust