This precedent has been authored by Selwyn L Black and Peter D Carroll, Carroll & O’Dea, updated by Jane Garber-Rosenzweig, Gable Lawyers and then by Selwyn L Black and Peter D Carroll. This document is prepared with the assistance of Specialist Editor Stephen Newman, Executive Counsel, Ponte Earle. Introductory note This precedent is a template resolution of directors of initial unit holder (a company) to execute unit trust deed. Related precedents This precedent should be used in association with the precedent “Unit trust deed”. For a template recording format for resolutions passed by directors of a company, see precedent “Recording format for resolutions passed by directors of a company”.