There is no voting for protector IF there are no other trustees on the board at time of election. If there are 2 or more trustees, a vote is required. NOTE: Use the Appointment of Additional Trustee form and simply specify their office in the ...
The entire Board of Trustees of "Trust A" votes on behalf of a trust serving on another trust. Alternatively, the Board of Trustees can have a vote for a chosen representative that may vote on their behalf.
A Trustee may independently, without the majority vote of the Board of Trustees do the following: 1. Receive property into the trust; 2. Initiate a contract for services (provided notice is given to the Board of Trustees within 3 days); and 3. ...
Yes, a trust may serve as trustee. However, this will not work for a situation where only one person sits on a board with 2 other trusts serving as trustees - simply because those trusts are are controlled by the one person/trustee. This is in ...