A status given to certain entities by statute (section 68(1)(18), Trustee Act 1925; section 117(1)(xxx), Settled Land Act 1925; section 55(1)(xxvi), Administration of Estates Act 1925; section 205(1)(xxviii), Law of Property Act 1925; section 3, Law of Property (Amendment) Act 1926 and section 128, Senior Courts Act 1981).

A company that carries out trust business or acts as a corporate trustee, or whose name includes the words "trust corporation" or "trust company", does not necessarily have trust corporation status.

Bodies that have trust corporation status include those entitled by rules made under section 4(3) of the Public Trustee Act 1906 (Public Trustee Rules 1912 (SI 1912/348)) to act as custodian trustee.

For a list of entities with trust corporation status, see Practice note, Trust corporations: overview: Statutory definition and Bodies entitled to act as custodian trustee.

For information about the significance of trust corporation status, see Practice note, Trust corporations: overview: When does trust corporation status matter?.