An investment made without the authority of the trust. An investment may still be unauthorized even if it meets statutory requirements if it fails to meet the criteria specified by the trustee.
Related information about unauthorized investment:
- Unauthorized Investment Definition | Investopedia
Any investment that has not been specifically authorized by a legal trust. Unauthorized investments can technically meet statutory requirements for banks and ...
- Unauthorized Investment - Financial Dictionary - The Free Dictionary
An investment that does not meet the investment goals of a bank or trust. An unauthorized investment may be legal; that is, a bank or trust may be allowed to ...
- InvestmentPolicy
In this section, authorized investments are outlined along with certain unauthorized investment-related transactions. Maturity constraints and diversification ...
- STATEMENT OF INVESTMENT POLICY CITY OF CARLSBAD
Unauthorized Investment / Investment Activity ............................................ 6. 11. Investment Strategy ..................................................................................... 6. 12.
- What Is an Authorized Investment?
The beneficiaries of a trust may be able to start civil or even criminal proceedings against a trust manager who invests trust funds in unauthorized investment ...
- Investment Firms in Cyprus
Dec 1, 2011 ... Criminal sanctions can be brought against any person providing unauthorized investment services and a company which is not authorized is ...
- Investment Policy Manual - American Income Life
certain unauthorized investment-related transactions. Maturity constraints and diversification requirements are also specified. A. Authorized Investments ...
- Section 560 INVESTMENT POLICY - Metropolitan District
investments are outlined along with maturity and diversification requirements. In addition, certain unauthorized investment-related transactions as specified in ...