Troy Enterprises Trust - Page 3




                                        - 3 -                                         
               On February 22, 2000, petitioners filed a joint response to            
          respondent’s motion (petitioners’ response).  In petitioners’               
          response, petitioners argue that Mr. Wilde is their trustee and             
          thus, the proper party to bring this action.  In support of their           
          contention, petitioners attached two identical documents entitled           
          “Minute–-Morgan, Kramer & Strauss L.L.C.” (the minutes). The                
          minutes provide, in relevant part:                                          
                    A special meeting of the members has been called                  
               for the purpose of amending the purpose and operation                  
               of the L.L.C.                                                          
                    *     *     *     *     *      *     *                            
                    It is hereby resolved that it is in the best                      
               interest of all parties concerned to replace the                       
               trustee on all trusts where the LLC is named.  To this                 
               end and in fulfilling the requirements for succession                  
               John P. Wilde and Jimmy Chisum have been selected as                   
               successors.                                                            
                    By agreement the appointment of Wilde and Chisum                  
               and the withdrawal of Stern and Stein are simultaneous                 
               and signatures hereto signify a full and total change                  
               in trusteeship, responsibility, custody and ownership                  
               of corpus, papers, and all legal affairs (emphasis                     
               added).                                                                
          Cliff Jennewin and Richard Scarborough signed the minutes on                
          behalf of Morgan, Kramer.  Mr. Wilde and Jimmy Chisum also signed           
          the minutes to signify that they accepted the appointment as                
          trustees.                                                                   
               In petitioners’ response, they further argue:                          
               the issue concerning Mr. Wilde’s capacity as Trustee                   
               falls within the exclusive jurisdiction of the superior                
               court here in the State of Arizona. * * * At this                      
               point, this court is without jurisdiction to examine                   





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