The Executive Committee of the club has convened a Special General Meeting (SGM) to discuss, endorse and adopt one of three options proposed by the GAA in relation the Trustee structure of GAA clubs. A brief but comprehensive meeting (1.5 hours max) will take on Thursday 12th October at 7.30 pm in the clubhouse. Please endeavor to attend and have an input into the future direction of the club
There are three options available to clubs:
*Option 1- Clubs may elect to do nothing and to continue to hold Club property through personal Trustees. *
*Option 2- Clubs may elect to introduce a partial change in that case property is held by a combination of personal trustees and the Corporate Trustee.
*Option 3- Clubs may elect to have property held only through the Corporate Trustee.
The Corporate Trustee is now an option for Clubs, when considering appointment of Trustees of Clubs. The Corporate Trustee is a separate legal entity, a Trust Company, called "Iontaobhas Corparáideach Chumann Lúthchleas Gael cuideachta faoi Theorainn Ráthaíochta" (ICCLG), set up by the GAA. The Trust Company holds the property for and on behalf of the Club.
Clubs can now opt to hold property through the Corporate Trustee. Holding property through the Corporate Trustee does not affect the ownership in any way but can have advantages in the way of continuous amendments to the title is avoided when trustees die or retire. This will save on Legal costs to the Club. This also takes the pressure off individual Trustees and avoids the publishing of names should court proceedings take place.
Further information is provided in the GAA issued “Explanatory Memorandum” & “FAQ – GAA Corporate Trustee” documents that are stored online at this link: DOCUMENTS
