Trust Assets
Trust Assets
- The trust business is regulated by Law 1 of 1984 and Law 21 of 2017.
- Article 20 of Law 21 of 2017 establishes the following: Fiduciaries with a fiduciary license or those authorized by law may:
- Establish and manage trusts in accordance with the provisions of the law
- Manage bank accounts and escrow accounts
- Provide financial consulting services
- Act as a representative with the right to vote at meetings of the Board of Shareholders or Partners and act as representatives of holders of bonds and other securities.
- Participate or mediate in the constitution and/or administration of corporate, fiduciary and foundational structures.
- Act as custodians of shares, documents and securities
- Exercise any other complementary activity to the fiduciary activity authorized by the Superintendent of Banks in general or individually.
