Declaration of Trust - Stock Template
A Declaration of Trust – Stock is a document identifying a trustee to oversee stocks or shares being held for the benefit of the individual appointing the oversight. The specified assets are held in a trust and the trust agreement should state the purpose of the trust and its beneficiaries.
Concord
DECLARATION OF TRUST
This Declaration of Trust (hereafter “Declaration”) is hereby entered into on [DATE] between [TRUSTEE NAME], a company organized and existing under the laws of the State of [STATE], with its principal place of business located at [COMPLETE ADDRESS] (“Trustee”) and [BENEFICIARY NAME], a company organized and existing under the laws of the State of [STATE], with its principal place of business located at: [COMPLETE ADDRESS] (“Beneficiary”).
WHEREAS, the Beneficiary is the beneficial owner of [AMOUNT] of shares (the “Shares”) of [COMPANY NAME] (the “Company”);
WHEREAS, the Beneficiary has requested the Trustee to register the Shares in the Trustee’s name;
WHEREAS, the Trustee has agreed to be nominated and appointed as director and also to hold the Shares;
WHEREAS, this registration was made to the Trustee as a nominee of the Beneficiary and it was agreed that the Trustee should execute such declaration of trust as is hereinafter contained.
NOW THEREFORE this Declaration Trust Witnesses as follows:
- The Trustee hereby declares that it holds the Shares and all dividends and interest accrue upon the same or any of them upon trust for the Beneficiary and their successors in title and agrees to transfer, pay and deal with the Shares and the dividends and interest payable in respect of the same in such manners as the Beneficiary shall direct from time to time direct in writing.
- The Trustee will at the request of the Beneficiary or its successors attend all meetings of shareholders or other similar functions which it shall be entitled to attend by virtue of being the registered owner of the Shares and will vote at said meeting or function in such manner as the Beneficiary or its successors have directed in writing.
- The Trustee shall upon request provide the Beneficiary or its successors with any information available to the Trustee as a shareholder in regards to the operation of the Company.
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DownloadTemplate Documents Disclaimer:
Please read the following carefully. These terms about the templates (“Template Documents”) library (“Template Documents Disclaimer”) govern your use of the Template Documents and supplement the Concord Free Account Terms or the Concord Commercial Terms, whichever may be applicable to you and which is hereby incorporated by reference. All Template Documents are provided on a nonexclusive license basis only for your personal or internal business use for noncommercial purposes, without any right to relicense, sublicense, distribute, assign or transfer such license. Template Documents are provided without any representations or warranties, express or implied, as to their suitability, legal effect, completeness, timeliness, accuracy and/or appropriateness. THE DOCUMENTS ARE PROVIDED “AS IS,” “AS AVAILABLE,” AND WITH “ALL FAULTS,” AND WE AND ANY PROVIDER OF THE DOCUMENTS DISCLAIM ANY WARRANTIES, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. The Template Documents may be inappropriate for your particular circumstances. Furthermore, state laws may require different or additional provisions to ensure the desired result. You should consult with legal counsel to determine the appropriate legal or business documents necessary for your particular transactions as the Template Documents are only samples and may not be applicable to a particular situation.