- 11 - The contribution agreement and ratification do not identify any specific shares of Saztec stock, such as by CUSIP number, location, or in any other manner. As mentioned above, the brokerage statement for the Steins' Broadcort account for the period ending April 24, 1987, shows that there were 10,000 shares of Saztec stock held in the Stein's Broadcort account on April 7, 1987, and 5,500 shares in the account on April 25, 1987. Mr. Stein did not maintain an account with Broadcort in his capacity as trustee of the trust. Mr. Stein maintained an account with Drexel Burnham Lambert in his name as trustee of the trust. The partnership did not have an account with Broadcort. Mr. Stein did not send written instructions to Broadcort or its agent, Steinberg & Lyman, informing Broadcort of the assignment of 2,000 of the 10,000 shares of Saztec stock in the Steins' personal account to the pension trust or asking that a separate account be established in the name of the trust and that 2,000 shares of Saztec stock be transferred from the Steins' personal account to that separate account for the trust. Neither Broadcort, Steinberg & Lyman, nor any of their employees issued an acknowledgment or written confirmation toPage: 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