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    Declaration of Trust

    Uploaded by

    Caren Que Viniegra
    This document assigns shares of stock from an assignor to an assignee. The assignor held one share of stock in a company as a nominee for the principal, who was the beneficial owner. The principal now wants to terminate this trust arrangement and have the assignee become the new nominee holding the share. The assignor transfers all rights and title to the share to the assignee. The assignee accepts the assignment and agrees to enter a separate nominee agreement with the principal regarding the share.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Declaration of Trust

    Uploaded by

    Caren Que Viniegra
    545 views3 pages
    This document assigns shares of stock from an assignor to an assignee. The assignor held one share of stock in a company as a nominee for the principal, who was the beneficial owner. The principal now wants to terminate this trust arrangement and have the assignee become the new nominee holding the share. The assignor transfers all rights and title to the share to the assignee. The assignee accepts the assignment and agrees to enter a separate nominee agreement with the principal regarding the share.

    Original Title

    DECLARATION OF TRUST

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    This document assigns shares of stock from an assignor to an assignee. The assignor held one share of stock in a company as a nominee for the principal, who was the beneficial owner. The principal now wants to terminate this trust arrangement and have the assignee become the new nominee holding the share. The assignor transfers all rights and title to the share to the assignee. The assignee accepts the assignment and agrees to enter a separate nominee agreement with the principal regarding the share.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    545 views3 pages

    Declaration of Trust

    Uploaded by

    Caren Que Viniegra
    This document assigns shares of stock from an assignor to an assignee. The assignor held one share of stock in a company as a nominee for the principal, who was the beneficial owner. The principal now wants to terminate this trust arrangement and have the assignee become the new nominee holding the share. The assignor transfers all rights and title to the share to the assignee. The assignee accepts the assignment and agrees to enter a separate nominee agreement with the principal regarding the share.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    DECLARATION OF TRUST

    AND DEED OF ASSIGNMENT

    This Declaration of Trust and Deed of Assignment is executed on this __


    day of __________ 2018 in ___________ City by:

    (NAME), Filipino citizen, of legal age, with address at


    ___________________________ (referred herein as, “ASSIGNOR”);

    -in favor of-

    (NAME), Filipino Citizen, of legal age, with address at __________________


    (hereinafter, the “ASSIGNEE”);

    -with the conformity of-

    ___________________., a company duly organized and existing under and by


    virtue of ________ laws with office address at ________________ (hereinafter, the
    “PRINCIPAL”) represented by __________________;

    RECITALS:

    a) The Assignor appears on record as a pre-incorporation subscriber to one


    (1) fully paid-up share of the capital stock of ___________. (“______”) with
    a par value of _____ Peso (Php__.00) (the “Subject Share”);

    b) The Subject Share was registered in the name of the Assignor as a nominee
    of the Principal who is the beneficial owner of the Subject Share and who
    has provided the subscription payment therefor;

    c) The Assignor and the Principal desire to terminate the aforesaid trust
    arrangement by way of assignment of all the rights, title, and interest of
    the new Assignor in and to the Subject Share in favor of the Assignee, as
    the new nominee of the Principal;

    For and in consideration of the foregoing premises, the parties hereby agree as
    follows:

    1. The Assignor hereby confirms that he holds all the rights, title, and
    interest in and to the Subject Share in trust for, and for the benefit of, the
    Principal, and that the beneficial ownership thereto pertains to the
    Principal.

    1
    2. The Assignor, by way of terminating the trust arrangement, hereby
    absolutely and irrevocably transfers, assigns, and conveys all of his rights,
    title, and interests in and to the Subject Share in favour of the Assignee in
    accordance with the instruction of the Principal, and the Assignee hereby
    accepts this assignment.

    3. The Assignee hereby likewise accepts his designation by the Principal as a


    new nominee of the Principal in respect of the Subject Share and agrees to
    execute a separate nominee agreement with the Principal;

    4. The Assignee is hereby given full power to do any and all acts necessary
    to effect the transfer of the legal title to the Subject Share to his name
    including, but not limited to, the registration of this assignment in the
    corporate books of the Principal.

    IN WITNESS WHEREOF, the parties have hereunto affixed their


    respective signatures on this ____ day of __________ in _______________.

    ASSIGNOR: ASSIGNEE:

    _______________________________ _______________________________
    (name) (name)

    PRINCIPAL:
    ____________________________
    By:

    _______________________________
    (Name)

    SIGNED IN THE PRESENCE OF:

    ___________________________ ___________________________

    2
    ACKNOWLEDGMENT

    REPUBLIC OF THE PHILIPPINES )


    CITY OF ________ ) S.S.

    BEFORE ME, a Notary Public for and in _______ City, Metro Manila,
    Philippines on this ____ day of ____________ 2018, personally appeared the
    following with their respective competent evidence of identity, to wit:

    Competent Evidence
    Name Date & Place of Issuance
    of Identity
    (Assignor)
    (Assignee)
    (Principal)

    known to me and to me known to be the same persons who executed the


    foregoing Deed of Declaration of Trust and Deed of Assignment and who
    acknowledged to me that the same is their free will and voluntary act and deed.

    This Deed consists of three (3) pages and has been duly signed by the
    above-named parties and their instrumental witnesses on each and every page
    thereof.

    WITNESS MY HAND AND NOTARIAL SEAL on the date and place


    first above written.

    NOTARY PUBLIC

    Doc. No. ___;


    Page No. ___;
    Book No. ___;
    Series of 2018.

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