News & Analysis as of

National Credit Union Administration Trusts

Faegre Drinker Biddle & Reath LLP

Minnesota Court Denies Standing, Clarifies Definition of “Interested Person” in Trust Instruction Proceedings

To be an “interested person” under the Minnesota Trust Code, a party must have a property right in or claim against the assets of the trust arising out of the trust instrument itself, not merely a possibility of becoming a...more

Orrick - Finance 20/20

NCUA Sues Deutsche Bank National Trust Co. For Allegedly Failing to Comply With RMBS Trustee Duties

Orrick - Finance 20/20 on

The National Credit Union Administration, acting as liquidating agent for five failed credit unions, sued Deutsche Bank National Trust Company (DBNTC) for allegedly breaching its duties as trustee under the governing trust...more

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