Declaration of trust, including power of attorney, for use by a nominee shareholder
Declaration of trust, including power of attorney, for use by a nominee shareholder

The following Corporate precedent provides comprehensive and up to date legal information covering:

  • Declaration of trust, including power of attorney, for use by a nominee shareholder
  • Recitals
  • 1 Definitions
  • 2 Nominee’s declaration
  • 3 Nominee’s protection
  • 4 Power of attorney
  • 5 Governing law and jurisdiction

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Note: Brexit—drafting boilerplate clauses.

This Declaration of trust is made on [insert day, month and year]

Parties

  1. 1

    [insert name of company] (company number [insert company number]) whose registered office is at [insert address] (the Nominee)[, and]

  1. 2

    [[[insert name of company] (company number [insert company number]) whose registered office is at [insert address] OR [insert name of individual] of [insert address]] (the Beneficial Owner)]

Recitals

    1. (A)

      The Nominee has at the request and on behalf of the Beneficial Owner acquired the Share[s] (as defined below) out of funds provided by the Beneficial Owner and the Share[s] [is OR are] to be registered in the name of the Nominee.

    1. (B)

      The Nominee has entered into this deed at the request of the Beneficial Owner to record the terms upon which he has agreed to act.

Now this deed witnesses as follows:

    1. 1

      Definitions

      The following definitions shall have the meaning set against them for the purpose of this deed:

      [Beneficial Owner

      1. [[insert name of company] (company number [insert company number]) whose registered office is at [insert address] OR [insert name of individual] of [insert address]];]

      Company

      1. [insert name of company] [Limited OR PLC] incorporated in England and Wales on [insert date] with registered number [insert number] as a [private

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