The Trust Indenture Act of 1939 (the "Trust Indenture
Act" or the "TIA") is the federal statute regulating
the offer and sale of certain debt securities. The TIA, which is
closely integrated with the Securities Act of 1933 (the
"Securities Act"), protects certain rights of security
holders, imposes minimum obligations on trustees and obligors, and
confers on trustees the powers and resources needed to meet
obligations to investors. All of these provisions result from the
process of indenture qualification.
In this What's the Deal? guide, we provide an overview of the
Trust Indenture Act.
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