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professionals, & influences to classify THIS TRUST as a
Business Trust. Directions are hereby given to THE
TRUSTEES to guard and resist such classification,
through the sophisticated use of Minutes and Records.
The declaration of trust provides that the CCJT is
irrevocable and may not be altered, revoked, or amended in any
respect unless specifically authorized “by this direct
instrument” and a unanimous vote of the trustees and further
provides that it may not be terminated except through
distributions permitted by the declaration of trust and approved
by the unanimous vote of the trustees. The declaration of trust
further provides that the trust shall continue for 25 years
unless the trustees unanimously decide to terminate it earlier or
to extend the trust’s term.
The declaration of trust confers “exclusive management and
control of THE TRUST property and business affairs” on the
trustees and requires that there be at least two trustees,
although additional trustees may be named “for reasons beneficial
to THE TRUST.” The trustees have the right to name successor
trustees “by unanimous concurrence and vote”.
The declaration of trust authorizes the trustees to exercise
broad, general powers including, but not limited to, the
following:
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Last modified: May 25, 2011