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The Person or Entity to Receive the Trust Corpus Upon

question 37

True/False

The person or entity to receive the trust corpus upon the termination of the trust is called the remainder beneficiary.


Definitions:

SEC Rule 10b-5

SEC Rule 10b-5 is a regulation enacted by the Securities and Exchange Commission to prevent fraud in securities transactions, including misrepresentation or omission of crucial information.

Sarbanes-Oxley Act

A U.S. law enacted to protect investors by improving the accuracy and reliability of corporate disclosures.

Chief Financial Officers

Senior executives responsible for managing the financial actions of a company, including financial planning, risk management, and reporting.

Certify Accuracy

To officially affirm or validate the truthfulness and correctness of information or data.

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