Appointment Of Trustee Resolution for Malaysia

Appointment Of Trustee Resolution Template for Malaysia

A formal corporate resolution document governed by Malaysian law, specifically the Trustees Act 1949 and related legislation, that officially appoints a new trustee or trustees to manage and administer trust assets. The document outlines the appointment terms, powers, and responsibilities of the new trustee(s), ensures compliance with Malaysian trust laws, and includes necessary provisions for the transfer of trust property and duties. It serves as an official record of the appointment decision made by the appropriate governing body and provides legal protection for all parties involved in the trust arrangement.

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What is a Appointment Of Trustee Resolution?

The Appointment of Trustee Resolution is a crucial document used in Malaysian corporate and trust governance when there is a need to appoint new trustees or replace existing ones. This document is essential for compliance with the Malaysian Trustees Act 1949 and other relevant legislation, providing a formal record of the appointment decision and ensuring proper transfer of trust responsibilities. It is typically used when existing trustees resign, retire, or need to be replaced, or when additional trustees are required. The resolution must be properly executed in accordance with Malaysian law and should contain specific details about the appointment, including the trustees' powers, duties, and any special conditions attached to their appointment. The document plays a vital role in maintaining proper trust administration and protecting the interests of all parties involved in the trust arrangement.

What sections should be included in a Appointment Of Trustee Resolution?

1. Title and Date: Formal title of the resolution and date of passing

2. Company/Trust Identification: Full legal name and registration details of the company/trust making the resolution

3. Present at Meeting: List of directors/trustees present at the meeting where the resolution is passed

4. Recitals: Background information explaining the need for the appointment and current trustee situation

5. Quorum and Meeting Validity: Confirmation that the meeting is properly constituted with required quorum

6. Resolutions: The formal resolutions for appointing the new trustee(s) and accepting any resignations if applicable

7. Trustee Acceptance: Formal acceptance of appointment by the new trustee

8. Execution: Signature blocks for required signatories and company seal if required

What sections are optional to include in a Appointment Of Trustee Resolution?

1. Resignation of Existing Trustee: Required when an existing trustee is resigning as part of the appointment process

2. Special Powers and Authorities: Used when specific powers or authorities are being granted to the new trustee beyond standard trustee powers

3. Indemnification Provisions: Optional provisions for indemnifying incoming or outgoing trustees

4. Transfer of Assets: Required when specific provisions for the transfer of trust assets need to be detailed

5. Multiple Trustee Provisions: Required when appointing multiple trustees to specify their relationship and decision-making process

What schedules should be included in a Appointment Of Trustee Resolution?

1. Schedule 1 - Trust Property: Detailed inventory of trust property being transferred to or managed by the trustee

2. Schedule 2 - Trustee Details: Full details of the new trustee including qualifications and contact information

3. Schedule 3 - Existing Trust Deed: Copy or reference to the existing trust deed and any amendments

4. Appendix A - Required Documents: List of documents required for the transfer of trusteeship

5. Appendix B - Consent Forms: Standard consent forms and declarations from the new trustee

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Malaysia

Publisher

Genie AI

Document Type

Board Resolution

Cost

Free to use
Relevant Industries

Financial Services

Banking

Investment Management

Real Estate

Family Office Services

Corporate Services

Wealth Management

Estate Planning

Insurance

Pension and Retirement Services

Relevant Teams

Legal

Corporate Secretarial

Compliance

Corporate Governance

Trust Administration

Risk Management

Board Secretariat

Wealth Management

Corporate Services

Fiduciary Services

Relevant Roles

Company Secretary

Legal Counsel

Trust Administrator

Compliance Officer

Corporate Governance Manager

Board Director

Chief Executive Officer

Trust Manager

Wealth Manager

Risk Manager

Legal Director

Corporate Services Manager

Fiduciary Services Director

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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