Trust Indenture Act of 1939

Trust Indenture Act of 1939
Great Seal of the United States
Enacted bythe 76th United States Congress
Citations
Public lawPub.L. 76–253
Statutes at Large53 Stat. 1149
Codification
Acts amendedSecurities Act of 1933 (inserted as Title III)
U.S.C. sections created15 U.S.C. §§ 77aaa77bbbb
Legislative history
Major amendments
Act as amended (amendments noted by section)

The Trust Indenture Act of 1939 (TIA), codified at 15 U.S.C. §§ 77aaa77bbbb, supplements the Securities Act of 1933 in the case of the distribution of debt securities in the United States. Generally speaking, the TIA requires the appointment of a suitably independent and qualified trustee to act for the benefit of the holders of the securities, and specifies various substantive provisions for the trust indenture that must be entered into by the issuer and the trustee. The TIA is administered by the US Securities and Exchange Commission (SEC), which has made various regulations under the act.


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