The agent is the registered owner ofAktien (« shares ») of the company (« Corporation »); and the shares are held by the agent as an agent and nominated for the beneficiary; What is a declaration of confidence? A declaration of trust, also known as a nominee statement, is a document that transfers property from the rightful owner that must be held in trust, with the rightful owner retaining all rights and being able to terminate the contract at any time. 2. Make several copies and keep one with the specific transaction, another in your general financial agreements, and a third in your safe. You should also get a resignation from the fiduciary document that is also provided in the trust area, and let it sign if you have a case with your agent at a later date. An ounce of prevention here can save the proverbial pound from healing. More than a few people, including me, were saved by this warning measure. As the famous Mr. Dooley once said, « Trust everyone, but cut the cards. » Amen. This declaration of confidence should be used when a designated shareholder, who is the registered owner of shares, holds shares for the benefit of another person (the economic beneficiary).
An economic beneficiary may nominate a candidate under a company`s participation agreements because he does not want his name on the share register, or he must nominate a candidate, for example. B by the company`s statutes. It is a simple form of declaration of trust that includes only the actions of a company and the basic declaration of trust. You`ll find a longer form agreement on the securities and a longer list of commitments between the nominee and the economic beneficiary under the Nominee Shareholders: Declaration of Trust – Long Form Agreement section. 3. The agent introduces, executes and issues all documents, instruments and other agreements that the beneficiary may request from time to time in relation to the shares only as a candidate to the beneficiary. I. The agent herebly declares that he holds the shares and all dividends and interests that have thus resigned themselves to the loyalty of the beneficiary and agrees to transfer the shares, as indicated by the beneficiary, or to otherwise negotiate with the shares and dividends and interest that must be paid for those shares. , as the beneficiary must be direct from time to time.