To open a bank account for the Gonen Statutory Trust (or a specific series), you will need a Trustee Resolution. This is a formal document that authorizes the opening of the account and designates who has the power to sign checks and manage the funds.
Because you are using a Series Trust, this resolution is vital: it tells the bank that this specific account belongs to Series [X] and that the assets are legally segregated from the rest of the trust.
TRUSTEE RESOLUTION TO OPEN A BANK ACCOUNT
FOR GONEN STATUTORY TRUST
RE: Establishment of Bank Account for [Insert Series Name/Number, e.g., Series 1]
The undersigned, being the Trustee(s) of the Gonen Statutory Trust (the “Trust”), a Wyoming Statutory Trust, hereby adopt the following resolutions by written consent:
WHEREAS, the Trust is a validly existing statutory trust under the laws of the State of Wyoming; and
WHEREAS, the Trust’s Certificate of Trust, as amended and filed with the Wyoming Secretary of State, provides for the creation of separate series with segregated liability pursuant to W.S. § 17-23-108; and
WHEREAS, the Trustee(s) deem it in the best interest of the Trust to open a separate bank account for the purpose of managing the assets and operations of [Insert Series Name, e.g., Gonen Statutory Trust – Series 1].
NOW, THEREFORE, BE IT RESOLVED, that the Trustee(s) are hereby authorized and directed to open a bank account in the name of [Insert Series Name] at [Name of Bank] (the “Bank”).
RESOLVED FURTHER, that the following individual(s) are designated as authorized signers on the account:
- [Trustee Name]
- [Additional Signer Name, if any]
RESOLVED FURTHER, that the Bank is authorized to honor checks, drafts, or other orders for the payment of money drawn in the name of the Series when signed by an authorized signer, and that the Trustee is authorized to execute any standard signature cards or account agreements required by the Bank to give effect to this resolution.
RESOLVED FURTHER, that this account shall be maintained as a separate and distinct account, and its funds shall not be commingled with the funds of the Trust generally or any other series of the Trust.
EXECUTION
DATED this ____ day of ________________, 2026.
Signature of Trustee: ____________________________________
Printed Name: __________________________________________
🏦 Banker’s Checklist (Bring these to the meeting):
- The Signed Resolution: (The document above).
- Filed Certificate of Trust & Amendment: Must show the “Segregated Liability” notice (stamped by Wyoming SOS).
- EIN Letter: The SS-4 confirmation from the IRS for the Trust.
- Series Designation: Your internal document naming this specific series.
- Governing Instrument: Your private trust agreement.
- Filing Fee Update: When you mail your Amendment to the Wyoming Secretary of State, ensure you include a check for $60.00 (the current standard fee for amendments as of 2026).
Would you like me to help you with the specific steps to obtain an EIN from the IRS for your Statutory Trust?