Charitable Bingo Operations DivisionUnit Trust Agreement FORMID 152Unit Trust Agreement • February 23rd, 2012
DISCLAIMERThe following unit trust agreement is an example of an agreement drafted to meet the minimal requirements of the Charitable Bingo Enabling Act and the Administrative rules of the Charitable Bingo Operations Division (CBOD). If this document is filled out, signed, and remitted to the Commission, the Commission will consider it as a contract once approved by CBOD. Parties can have terms, which provide greater protection incorporated into the agreement. The grant of trust powers constitutes the creation a special fiduciary relationship wherein a trust representative is authorized to conduct financial, business, or other activities on behalf of the grantor(s). This agreement may not be appropriate or sufficient to protect the rights or property of any particular grantor(s). This example is not a substitute for the advice of a licensed attorney and tax specialist. THIS TRUST AGREEMENT is entered into on this day of , , by and among , a 501(c)( ) organization, , a 501(c)( ) organiz