- 5 -
The purported trust document has an unnumbered cover page
entitled “Contract”, which states that petitioner is “An
Irrevocable Pure Trust” and that Morgan, Kramer is the trustee.
The cover page further states that the “Contract” was executed
“under the laws of the Constitution for the United States of
America and the Constitution for the State of Delaware”. Behind
the cover page, two pages (labeled pages 5 and 6) describe the
management of the trust, the replacement of the trustee, meetings
of a board, the alteration or amendment of the trust document,
and the termination of the trust.3 The purported trust document
provides in pertinent part:
REPLACEMENT OF TRUSTEE
33. The Trustee may be replaced in any of the
following manners:
A. Resignation. The Trustee may resign with
or without cause at any time by sending a notice of his
intention to do so to the Trust principle office by
Certified Mail. However, such resignation shall not be
effective unless and until such time as a Successor
Trustee has accepted the appointment to assume the
duties and responsibilities of Trustee on the
expiration date of the outgoing Trustee, or thirty days
after receipt of the resignation, whichever occurs
first.
3 The purported trust document also includes three pages
(numbered 10, 11, and 12) dealing with the creation of the trust
and the appointment and acceptance of Morgan, Kramer as trustee.
We note that pages 1 through 4 and 7 through 9 are missing. We
also note that the purported trust document appears to have
inconsistent imprinting on each of its pages. The cover page and
pages 5, 6, 10, and 11 have the imprint “Troy Enterprises”, while
page 12, which deals with Morgan, Kramer’s acceptance as trustee,
has the imprint “Troy Investments”.
Page: Previous 1 2 3 4 5 6 7 8 9 Next
Last modified: May 25, 2011