Document Type
Chapter of Book
Publication Date
2021
Abstract
This Chapter examines the duties of indenture trustees appointed under bond indentures. Although their post-default duties generally are subject to a prudent-person standard, indenture trustees have relatively little legal guidance concerning pre-default duties. The rise of activist investors, however, is making it increasingly critical to identify and understand how to perform those duties. This Chapter seeks to provide that understanding.
Citation
Steven L. Schwarcz, Examining Indenture Trustee Duties, in Fiduciary Obligations in Business 93-110 (Arthur B. Laby & Jacob Hale Russell eds., 2021)
Library of Congress Subject Headings
Trust indentures, Bondholders--Legal status, laws, etc., Trusts and trustees, Default (Finance)
DOI: https://doi.org/10.1017/9781108755849.006
Available at: https://scholarship.law.duke.edu/faculty_scholarship/4607
Comments
© Cambridge University Press 2021. This version is free to view and download for private research and study only. Not for re-distribution or re-use.