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Article 10 The Trustee

A The Trust may have one or more Trustees. In any case, at least one of the Trustees must be licensed in accordance with this Law; otherwise the Trust shall be void.
B If a natural person, the Trustee must have full legal capacity, be of good character and reputation, and has not been convicted in a final judgment, of a felony or misdemeanour relating to honour or dishonesty, unless he has been rehabilitated. If a legal entity, the Trustee must take one of the forms of commercial companies established in the Kingdom of Bahrain, or a subsidiary of a foreign company licensed to practice commercial activities in the Kingdom of Bahrain, in accordance with the Law of Commercial Companies.
C The Licence to exercise the functions of a Trustee shall be granted in accordance with the procedures and conditions determined by a resolution to be issued by the Governor of the Agency.