Bip Trust? What Is It?

Barquentine | 18:44 Tue 18th Aug 2015 | Law

4 Answers

Anybody know what a 'BIP' trust is?

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fiction-factory

I only know this but I assume you're looking for a legal term
http://www.australiacorporates.com/corp/1693924.html

Barquentine

Question Author

Thanks fiction factory - yes and a Google search has not turned up anything - surprisingly. I think the person that used the term may have misspelt it. Not sure.

Buenchico

BIP Trust is a registered trademark (of Mitsubishi UFJ Trust and Banking Corporation) defined as "a stock incentive plan reference to the Performance Share system and Restricted Stock system in the U.S., wherein the Company shares that are acquired by the BIP Trust will be delivered to Company Directors, etc., base on the degree of the attainment of business performance goals, etc"
http://www.nikon.com/news/2015/20150520_e.pdf

If it's a typo though, it could mean an IIP Trust:
https://en.wikipedia.org/wiki/Interest_in_possession_trust

Barquentine

Question Author

Thanks Buenchico. That's it - I couldn't recall the IIP - that's what they meant.

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