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Whether trust deed necessary for opening bank account?
22-Apr-2023 (In Documentation Law)
I want to open Trust account with Bank.I have registrations certificate of trust and also have article of association and memorandum of association of trust.bank people ask me for trust deed for opening account.is trust deed is necessary for opening bank account? What is legality of trust deed and what is difference between article of association and memorandum of association and trust deed with regards to trust? Thanking you.
Trust deed is the instrument that defines the objective for the creation of the trust. A trust deed is entered between the author of the trust and the trustee. In case of opening a bank account in the name if the trust, you need to submit the trust deed.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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