sec.209What is a corporate trustee

### sec.209 What is a corporate trustee A corporate trustee is an unlisted corporation, other than an authorised trustee corporation, that is the trustee of a discretionary trust that— holds dutiable property on trust for the discretionary trust; or has an indirect interest in dutiable property and that interest is held on trust for the discretionary trust. Section 498 includes provision about references to dutiable property. s 209 amd 2011 No. 20 s 121 - (a) holds dutiable property on trust for the discretionary trust; or - (b) has an indirect interest in dutiable property and that interest is held on trust for the discretionary trust.