Select Page

Unit Holders Agreement

Unit Holders Contract Template

A Unit holders Agreement is a contract between the unit holders of a Unit Trust. Unit holders Agreements govern the relationship between unit holders in a Unit Trust. A Unit holders Agreement covers the rights, responsibilities, obligations and liabilities of Unit holders. A Unit holders Agreement also protects the interests of Unit holders regarding their investment in the Unit Trust. It covers matters that not covered by the Unit Trust Deed itself or the trustee company’s constitution. The Unit holders Agreement operates in addition to the Unit Trust Deed, without changing the Deed itself. A Unit holders agreement includes among other things, terms on which a person can leave (or be required to leave) the Unit Trust scheme, decision making, management of the Unit Trusts’s business, meetings and voting rights, distribution of profits, contributions of capital, sharing of expenses and resolution of disputes.

  • CONTENTS include:-
  • 1          Definitions & Interpretation
  • 2          Unit holding structure
  • 3          Management of the company
  • 4          Unit holders’ covenants
  • 5   Matters requiring a special resolution of unit holders
  • 6          Execution of documents
  • 7          Dividends
  • 8          Accounts
  • 9          Encumbering Units
  • 10       Insurance
  • 11   Drag along and tag along options
  • 12       Mediation
  • 13       Non-competition
  • 14       Conflicts of interest
  • 15       Confidentiality
  • 16       Mutual covenants
  • 17  Exclusion of implied relationships
  • 18       Term of agreement
  • 19       Continuing rights
  • 20       Notice
  • 21       General provisions

 

Unit Trust Deed Template

unit trust (definition) is a portfolio of stocks, bonds, property, cash or other asset classes, chosen by professional fund managers according to themes and styles of investing.  A unit trust is an unincorporated mutual fund structure that allows funds to hold assets and provide profits that go straight to individual unit owners instead of reinvesting them back into the fund.

A Unit Trust Deed is between Unit Holders in a Unit Trust. Where a Unit Trust is used, it is normally accompanied by a Unit Holder’s Agreement.

Your Unit Trust Deed Template Includes:-

  • CONTENTS
  • 1          Definitions & Interpretation
  • 2          Trust
  • 3          Beneficial interest of unit holders
  • 4          Issue and classification of units
  • 5          Register of unit holders
  • 6          Certificates
  • 7          Redemption of units
  • 8          Transfer of units
  • 9          Transmission of units
  • 10       Income and capital
  • 11       Categories of income and capital
  • 12       Distribution to unit holders
  • 13       Statements and accounts
  • 14       Appointment and removal of trustee
  • 15       Variation of trust
  • 16       Modification of class rights
  • 17       Provisions relating to trustee
  • 18       Meetings of unit holders
  • 19       Limitation on liability of unit holders
  • 20       Investment powers
  • 21       General powers
  • 22       Termination of trust
  • 23       Notices and service
  • 24       General Provisions

 

 

Discretionary (Family) Trust Deed

includes:-

Contents

  • 1          INTERPRETATION
  • 2          DISTRIBUTION OF INCOME
  • 3          DISTRIBUTION OF CAPITAL
  • 4          PAYMENT OR TRANSFER TO SETTLEMENT
  • 5          DETERMINATION OF EARLIER DISTRIBUTION DATE
  • 6          POWERS OF THE TRUSTEE
  • 7          TRUSTEE MAY ACT DESPITE PERSONAL INTEREST
  • 8          EXPENSES
  • 9          DETERMINATION OF INCOME OR CAPITAL ACCOUNT
  • 10        SECURITIES OR PROPERTY MAY BE HELD IN THE NAME OF A NOMINEE
  • 11        DISCRETIONS, POWERS AND INDEMNITY
  • 12        TRUSTEE’S REMUNERATION
  • 13        VACATION OF OFFICE OF TRUSTEE
  • 14        AMENDMENT OF THE TRUST DEED
  • 15        REMOVAL AND APPOINTMENT OF THE TRUSTEE
  • 16        MINUTE BOOK
  • 17        NAME OF THE TRUST
  • 18        RESIGNATION   OF TRUSTEE
  • 19        CORPORATE TRUSTEE
  • 20        PROPER LAW
  • 21        BENEFICIARY’S  ENTITLEMENT
  • 22        ACCOUNTS AND RECORDS
  • 1          SCHEDULE

21 pages long.

Discretionary (Family) Trust Deed

 
 
 
 
error: Content is protected !!