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Date Established Ballard Lisle
10/23/73 CMB Cinema Trust36 RWL Cinema Trust
7/15/75 CMB Cinema Trust II RWL Cinema Trust II
6/03/80 Summit Trust Basking Ridge Trust
11/02/81 Seabright Trust
Mrs. Lisle and/or Lisle's children or descendants were the
beneficiaries of Lisle's grantor trusts, and Kanter and/or
Weisgal were the trustees. Mrs. Ballard and/or Ballard's
children were the beneficiaries of Ballard's grantor trusts, and
Kanter and/or Weisgal were the trustees.
The CMB Cinema Trust and CMB Cinema Trust II, RWL Cinema
Trust, and RWL Cinema Trust II (hereinafter collectively referred
to as the Cinema trusts) each made investments, as limited
partners, in certain movie shelter partnerships. Each trust
financed the acquisition of its movie partnership interest
through loans from IRA and Int'l Films.
The Seabright Corp. was owned by the Mary Family Trust. The
Seabright Corp. owned a farm called Seabright Farm located near
Little Rock, Arkansas. The beneficiaries of the Mary Family
Trust were Mary Ballard and her three daughters. The records of
the Seabright Corp. were maintained at Ballard's residence. Mary
Ballard was an officer of the Seabright Corp.
On May 29, 1976, the CMB Cinema Venture partnership was
formed. The CMB Cinema Trust and the CMB Cinema Trust II were
36
In 1979, the CMB Cinema Trust was divided into 10 separate
trusts.
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