Details
In CAS 360, Unitholders can be added to Unit Trusts.
A unitholder is a beneficiary and accepts units in a unit trust, in a similar fashion to a shareholder accepting shares in a company.
Navigation
From the Main toolbar navigate to Trust
How to Add Unitholders
Select the Unitholders tab and select Add Transaction.
CAS 360 is able to produce documents for a number of Unitholder changes such as:
- Allotments
- Initial
- Unitholders' Balances
- Unit Transfers
- Cancellations
- Redemptions
- Change to Beneficial Ownership
- Changes to Amounts Paid
- Subdivisions
- Consolidation
- Conversions
- Return of Capital
- Buy Backs.
Forms Prepared
CAS 360 will display the Document Production screen where the following documents can be prepared:
- Unit Certificate
- Register of Unitholders
- Trustee Meeting Minute/Resolution
- Application for Units
- Unit Transfer Form
- Unitholders Minutes or Resolutions
How to select one director to sign the unit certificate?
To set that only one director signs the Unit Certificate, in the document production screen, select the options button.
Select the director to sign in the signatory 1 field.
Then, remove the contact from the signatory 2 field by selecting the drop-down, pressing the backspace key, and then clicking save.