SEC Form 305B2

DEFINITION of 'SEC Form 305B2'

The application for the designation of a new trustee. SEC Form 305B2 is an initial statement filed with the SEC that contains any pre-effective amendments. This form allows for a designation of a trustee under the Trust Indenture Act.

BREAKING DOWN 'SEC Form 305B2'

This form is required under the Trust Indenture Act of 1939. It must be filed electronically using the EDGAR system per SEC guidelines. The Trust Indenture Act of 1939 supplements the Securities Act of 1933 with regard to debt securities.

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RELATED FAQS
  1. What is an indenture for a fixed income security?

    Learn about the indenture for a fixed-income security and its features, as well as the role of the trustee in administering ... Read Answer >>
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    Thanks to the Internet, finding financial reports is easier than ever. Nowadays, every reputable company has an investor ... Read Answer >>
  3. My company is the trustee of our 401k plan (which has 112 participants). What are ...

    The answer may vary depending on the plan provider and the provisions of the plan document. For questions relating to a specific ... Read Answer >>
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    The requirements that a trust must meet to be qualified are as follows: The trust must be a valid trust under state law or ... Read Answer >>
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