Trust Resolution For Authorised Signatory for Malaysia

Trust Resolution For Authorised Signatory Template for Malaysia

A Trust Resolution for Authorized Signatory is a formal document used in Malaysian trust administration that establishes and documents the appointment of authorized signatories for a trust. Governed by Malaysian trust law, particularly the Trustees Act 1949, this document specifies who has the authority to sign documents, execute transactions, and act on behalf of the trust in various capacities. The resolution includes detailed provisions about the scope of authority, signing limits, and specific powers granted to the authorized signatories, ensuring compliance with Malaysian legal requirements and proper trust governance.

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What is a Trust Resolution For Authorised Signatory?

A Trust Resolution For Authorized Signatory is a crucial governance document used in Malaysian trust administration when there is a need to formally delegate signing authority for trust operations. This document is typically required when establishing new signing arrangements, changing existing authorized signatories, or updating signing powers to reflect new trust requirements. It is essential for trusts operating in Malaysia to comply with the Trustees Act 1949 and other relevant legislation. The resolution comprehensively details who can sign documents, handle banking matters, and execute transactions on behalf of the trust, including any limitations or special conditions attached to these powers. This document is particularly important for corporate trustees, family trusts, and other trust structures where clear delegation of authority is necessary for efficient operation.

What sections should be included in a Trust Resolution For Authorised Signatory?

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

2. Trust Details: Full name and details of the trust, trust deed date, and registration information if applicable

3. Present Trustees: Names and details of all current trustees present for the resolution

4. Preamble: Background information establishing the trust's existence and the need for authorized signatories

5. Quorum and Meeting Validity: Confirmation that the meeting is properly constituted and quorum requirements are met

6. Resolution Statement: The formal resolution text authorizing specific individuals as signatories

7. Scope of Authority: Detailed description of the powers and limitations of the authorized signatories

8. Signing Requirements: Specific requirements for valid execution of documents (e.g., single/joint signatures)

9. Certification: Formal certification of the resolution by the trustees

10. Execution: Space for trustees' signatures and dates

What sections are optional to include in a Trust Resolution For Authorised Signatory?

1. Revocation of Previous Authorities: Section revoking previous signatory authorizations, used when replacing existing arrangements

2. Banking Matters: Specific provisions for bank account operations, used when signatories need banking authority

3. Digital/Electronic Signatures: Authorization for use of electronic signatures, included when electronic execution is contemplated

4. Alternate Signatories: Appointment of alternate signatories, used when backup signatories are needed

5. Specific Transaction Authority: Special provisions for specific transactions or projects, included when authority is transaction-specific

What schedules should be included in a Trust Resolution For Authorised Signatory?

1. Schedule 1 - Authorized Signatories: Detailed list of authorized signatories with their full names, positions, and specimen signatures

2. Schedule 2 - Signing Matrix: Matrix showing different transaction types and required signature combinations

3. Schedule 3 - Identity Documents: Copies of identification documents of authorized signatories

4. Appendix A - Trust Deed Extract: Relevant extract from trust deed showing trustee powers regarding delegation of authority

5. Appendix B - Previous Resolutions: Copies of previous signatory resolutions being superseded (if applicable)

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

Real Estate

Investment Management

Family Office

Wealth Management

Corporate Services

Legal Services

Trust Administration

Asset Management

Relevant Teams

Legal

Compliance

Corporate Secretarial

Trust Administration

Risk Management

Operations

Finance

Corporate Governance

Wealth Management

Document Management

Relevant Roles

Trust Manager

Corporate Trustee

Trust Administrator

Legal Counsel

Compliance Officer

Company Secretary

Financial Controller

Managing Trustee

Trust Operations Manager

Risk Manager

Board Director

Senior Trust Officer

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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