This trustee must have held office in the 12 months before the trustees became not resident and not ordinarily resident.
A trustee can hold certain securities, usually publicly traded ones, in a "street name" or nominee registration for ease of management.
A trustee holds money or property for the benefit of others.
This could be through a gift, or similarly the settlement of a trust, so that a trustee holds property for the benefit of another.
Until recently, however, these decisions were usually left to committees of professors and deans, even though trustees clearly held the ultimate authority.
He, a mere human and once a trustee of the computer evermind, now held it in complete thrall.
The trustees may also hold shares as beneficiaries.
The trustees held their first meeting today.
On Monday afternoon, after they had a little time to absorb the letter, the family and its trustees held a conference call.
By last year, the trustees had formed a board and were holding monthly meetings.