Form with which a corporation may resolve to authorize an officer or representative to file necessary official documents for a given purpose.
Resolution Format For Trust In Nassau
State:
Multi-State
County:
Nassau
Control #:
US-0036-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Even though a trust deed may allow decisions by majority vote, all trustees have to sign resolutions. It is not the majority vote but the resolution (signed by the entire complement of trustees) that binds a trust.
Once approved, the chairman of the meeting, may sign the minute to confirm it as a record of the meeting. The purpose of a trustee written resolution is to make and document a decision by the trustees without a meeting of the trustees taking place.
Before the end of each financial year, a trustee must prepare resolutions to distribute trust income. Failure to do so will generally result in default beneficiaries (as defined in the relevant trust deed) becoming entitled to that income or the trustee being assessed for that income.