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17 Nov 2008, 3:57 am
Part 5 of Black Holes& the Law [Part 1] [Part 2] [Part 3] [Part 4] [Part 5]Additionally, I've created a webpage where I will post court documents, links, and any follow-up work I do on the matter. [read post]
25 Oct 2008, 9:25 pm
We believe that in authorizing transfers of Trust A-2 assets to her husband, Elinor clearly intended to permit transfers to an entity, such as an irrevocable trust, over which her husband retained complete control and the right to absolute ownership. [read post]
21 Oct 2008, 11:58 am
Defense attorneys filed an interlocutory appeal under Rule 23(f) arguing (1) the district court lacked subject matter jurisdiction over the class action, and (2) the district court erred in certifying the litigation as a class action. [read post]
20 Oct 2008, 8:00 am
Answers to Interrogatories MUST be signed by the Party or representative of the Party where the Party is a legal entity such as a Corporation or Trust. [read post]
18 Oct 2008, 3:28 pm
That’s because (1) they lack liquidity (since much of their asset base is in mortgage-backed securities that are difficult to value and subject to a lemons problem), (2) this lack of liquidity is creating a limits to arbitrage situation that further prevents banks from selling their troubled assets, and (3) the banks lack trust in many of their counter-parties — other financial firms who also have lots of distressed assets on their books. [read post]
16 Oct 2008, 5:12 pm
> > .06 The dollar limit on contributions to funeral trusts under § 685(c) > was repealed by § 9 of the Hubbard Act, Pub. [read post]
30 Sep 2008, 8:04 pm
(3) The funds in the account are kept separate, distinct, and apart from the funds belonging to the managing agent or to any other person or entity for whom the managing agent holds funds in trust except that the funds of various associations may be commingled as permitted pursuant to subdivision (d) [read post]
26 Sep 2008, 3:19 pm
Notably, the court relied on Delaware Chancery Court and Delaware Supreme Court cases which clarify the distinction between (1) indemnification and advancement; and (2) mandatory advancement and discretionary advancement. [read post]
26 Sep 2008, 11:54 am
  The failure of such large entities as Washington Mutual, Bear Stearns, and IndyMac has left many people bewildered and afraid.[1]  Naturally unsettled by deepening concerns over the financial markets, many people are worried about both their financial assets and the future of the economy. [read post]
18 Sep 2008, 10:25 pm
The fatal error of the Rhodes's is that in Ohio, a trust is not an entity capable of taking title; it is the Trustee, not the trust itself, who holds title to trust property. [read post]
15 Sep 2008, 7:23 pm
., No. 073041 "In a claim concerning the distribution of proceeds received from the sale of certain assets in a statutory trust created pursuant to the Perishable Agricultural Commodities Act (PACA), grant of co-plaintiff's motion to turnover PACA assets and summary judgment for defendant is affirmed where: 1) a secured creditor's lien does not constitute a transfer of PACA trust assets within the terms of the statute; and 2) proceeds generated… [read post]
10 Sep 2008, 12:01 pm
The law can help with your overall peace of mind. 1. [read post]
29 Aug 2008, 2:30 pm
Individuals, business entities, or trusts other than class 3 dealers or licensees must obtain permission from ATF prior to temporarily or permanently moving a machine-gun, short-barreled shotgun, short-barreled rifle, or destructive device interstate. [read post]