A corporation that serves as a trustee for a denomination is known as what type of corporation?

The correct identification of a corporation that serves as a trustee for a denomination is "corporation sole." A corporation sole is a specific type of corporation that is typically established for a single individual, often for religious or charitable purposes. In this context, the corporation sole is recognized as having the authority to hold property and act in a fiduciary capacity for the benefit of the religious organization or denomination.

This structure is particularly useful for religious entities, allowing one individual (often a bishop or equivalent) to represent the corporation and carry out its functions, including holding assets and making decisions on behalf of the congregation or organization. The key characteristic of a corporation sole is that it consists of one member, who serves as the legal entity representing the corporation.

In contrast, the other types of corporations mentioned do not fit this description. For example, a parent or holding corporation is typically one that owns controlling interests in one or more subsidiary companies. A subsidiary corporation, on the other hand, is a company that is owned or controlled by another corporation. A corporation aggregate is a more traditional corporate structure that involves a group of individuals forming a legal entity, significantly differing from the individuality and specific functions of a corporation sole.