Fennel Trust - Page 10




                                       - 10 -                                         
               The record presented by petitioner to support its contention           
          that Paul Jablonski was vested with the authority to institute              
          this action on its behalf is inadequate.  Considering the lack of           
          formality observed in the execution of the Fennel trust                     
          instrument and related documents, we have serious doubts that the           
          trust was validly formed.  Nevertheless, assuming arguendo that             
          it was, petitioner failed to prove that Paul Jablonski possessed            
          the capacity to institute this action unilaterally.                         
               Where a private trust is administered by two or more                   
          trustees, the general rule is that unanimity among the trustees             
          is required for actions taken on behalf of the trust, except                
          where this requirement is modified by the terms of the trust                
          instrument or by statute.  Scott, The Law of Trusts, sec. 194, at           
          161 (4th ed. 1988), and cases cited therein. Consistent with this           
          principle, the Fennel trust instrument states in pertinent part             
          that “no power shall be exercised, nor any action taken, by the             
          Trustees except upon the unanimous consent of all Trustees having           
          authority”.                                                                 
               In the absence of any credible evidence that Cypress                   
          Management resigned as Fennel’s trustee, we conclude that Paul              
          Jablonski and Cypress Management were cotrustees of Fennel at the           
          time that the petition was filed.  The record indicates that Paul           
          Jablonski commenced this action without informing, or obtaining             
          the consent of, his cotrustee.  Moreover, we are not aware of any           






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