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- W57676889 abstract "In a recent article in this publication Messrs. J. R. Campbell and R. Zack1 have contended that amendments are needed to the Trust Indenture Act of (the 1939 Act) to eliminate an alleged anomaly, i.e., that the Act permits an indenture trustee to ... act as trustee on behalf of investors even if it has a conflict of interest, namely when it is a lender to the indenture obligor.2 The purpose of this article is to demonstrate that the Campbell and Zack attack on the Act is unfounded and that the public interest in protecting investors is better served by maintaining the status quo. Predecessors of this article and the Campbell and Zack article were circulated to all members of the American Law Institute in opposition and support, respectively, of a proposal to amend the proposed Federal Securities Code to adopt the Campbell and Zack proposal. This proposal was voted on at the 1976 meeting of the Institute and defeated by a vote of 64 to 54; it was resubmitted in 1977 and defeated in a voice vote. The Federal Securities" @default.
- W57676889 created "2016-06-24" @default.
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- W57676889 date "2016-01-01" @default.
- W57676889 modified "2023-09-27" @default.
- W57676889 title "The Trust Indenture Act of 1939 Needs No Conflict of Interest Revision" @default.
- W57676889 hasPublicationYear "2016" @default.
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