What forms does a bank require (in Massachusetts) for setting up a condo association account?
The bank will have a form to be filled out by the Trustees of the condo association and may also require that the Trustees show the bank proof that you are in fact the designated Trustees. You can show them the Appointment of Trustee forms for each Trustee, which should be recorded at the Registry of Deeds in your county and which show that the persons who sign the bank account form are in fact the Trustees. The bank may also require the Trustees to show where they get their power to act, which is in the Declaration of Trust and By-laws, which should also be recorded in the Registry of Deeds. Every condo association should already have a Declaration of Trust and By-laws, because these are recorded when the condo is first set up.
