Minute of Sole Directors Resolution Template where a Company is Trustee | LawLive
LawLive ®
Thank you for your kind words:

Thank you so much for the amended terms and conditions and your prompt service. You have defiantly been great to deal with and I would recommend your services and Law Live to anyone who needs them.

Audrey Goldbert - Click on Realestate
LawLive ®


LawLive

LawLive is a member of the Internet Industry Association   LawLive is Responsible Internet Business
Customise your document

Minute of Sole Director's Resolution for Company as Trustee

Minute of Sole Director's Resolution for Company as Trustee
Document Type: Microsoft Word
Build Time: 6 Min
Rating:
Plus 1 this Document:


Where a Sole Director company is trustee of a Trust, this is the formal Minute of resolution by that Director for the company in its capacity as trustee to enter into a specific transaction.

It is most prudent for a person who is a Sole Director to have a current valid will. If there is no director of a company, the company may well become unable to operate. Section 201F of the Corporations Act 2001 sets out the special rules for the appointment of directors for single director/single shareholder proprietary companies on the death of an intestate sole director, however the outcome of this process may not necessarily be in the best interests of the company - for more information see ASIC Publications/Information Sheet 73 "the importance of sole company directors/shareholders of having a will" on the Australian Securities & Investments Commission (ASIC) website at www.asic.gov.au.

This Minute of Sole Director's Resolution for Company as Trustee has the following attachments:

1. Information about minute of directors resolution for when acting as trustee of a discretionary trust
2. Checklist when acting as trustee of a discretionary trust
3. Checklist for establishing a discretionary trust

 
LawLive ®
LawLive ®
LawLive ®