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Full-Text Articles in Securities Law
Trustor As Sole Trustee And Only Ascertainable Beneficiary, William F. Fratche
Trustor As Sole Trustee And Only Ascertainable Beneficiary, William F. Fratche
Michigan Law Review
The Circuit Court of Appeals for the Eighth Circuit, one judge dissenting, affirmed a decision of the Board of Tax Appeals holding that a profit arising from sale of the stock was taxable to the settlor individually because the declaration did not create a trust. The majority opinion argued that, although a trust may be created solely for the benefit of unborn or unascertained beneficiaries by a transfer to a third party as trustee, it cannot be done by a declaration of trust. The opinion suggested that a transfer in trust for unborn or unascertained beneficiaries creates only a resulting …
Mccormick: Understanding The Securities Act And The S.E.C., Michigan Law Review
Mccormick: Understanding The Securities Act And The S.E.C., Michigan Law Review
Michigan Law Review
A Review of UNDERSTANDING THE SECURITIES ACT AND THE S.E.C. By Edward T. McCormick.