- 6 - IF ANY CERTIFICATE holder of this trust shall contest in any court the validity of this trust or in any manner [sic] to nullify or set aside this trust or any of its provisions, then the interest of that certificate holder shall cease and that person's interest shall be divided up among the other certificate holders pro-rata. The trustees are authorized to defend, at the expense of the trust, any kind of contest or attack by a certificate holder or any other person against the trust or against any of its provisions. THE NAME OF EACH certificate holder of this trust must be recorded by the trust record keeper in the trust records. Any third party may rely upon that certified list (Attachment "C") in all transactions with the trustees or in behalf of the trust, and that list is intended to represent a clear and definite means for the ascertainment of the certificate holders of this trust. According to Schedule C, CERTIFIED LIST OF CERTIFICATE HOLDERS, attached to the declaration of trust, all certificates of interest in Ghalardi are owned by Isaac Hull Holding Co. The record of this case does not describe this entity or state who owns this entity. The declaration of trust sets forth the following standard governing distributions by the trust: ASCERTAINABLE STANDARD FOR DISTRIBUTION THE TRUSTEES may accumulate for or distribute to any certificate holder such portions of the income or corpus of the trust as the trustees deem necessary for the support, care, maintenance, education, medical expenses or emergencies of the certificate holders. No distribution from the trust shall be made except in conformity with this externalPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011