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. 1. Make sure you have two witnesses and a third to be absolutely safe in the area of trust. You should have the agreement certified to be safe. 5. The agent immediately forwards to the beneficiary all communications, receivables, receivables or other communications that the agent receives with respect to the shares, including communications relating to shareholder meetings. PandaTip: This declaration of confidence document – also called mandatory declaration or declaration of appointment – is only suitable for use if a nominee (or mandatory) holds shares (or other assets) on behalf of someone else (the beneficiary). In a Nominee agreement, the rightful owner has no right to the assets he owns or their income and cannot act without the instruction of the rightful owner. In addition, the rightful owner can terminate the relationship at any time and has an absolute right to all benefits arising from the assets. This statement of confidence is not appropriate to create a position of discretionary trust, in which case you should use our statement of confidence. The agent is the registered owner of ___________Aktien (“shares”) of the company (“Corporation”); and the shares are held by the agent as an agent and nominated for the beneficiary; 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. A company will not record information about a trust agreement in its shareholder register (members` register) and, as far as the company is concerned, the person listed in the company`s share register is the registered shareholder. The economic beneficiary of the shares will therefore often want his candidate to make a declaration of confidence to document the conditions under which his candidate holds the shares.