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.