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Also, if the time period is unreasonably prolonged, the status of the entity may change from a liquidating trust. The trust units, which are recorded on the books of the trust, are non-transferable except by will, the laws of intestacy, or by operation of law.

The forward-looking statements were prepared on the basis of certain assumptions which relate to expectations of the company management about future events, including a possible tax refund.Over the last decade, a number of firms have been established to provide trustee services in addition to trust departments of banks.Cloudflare Ray ID: Select a Language Noel Group, Inc.Such agreement provides for trustee duties, compensation of trustees, and governance as well as distributions and other administrative matters.A liquidating trust is a new legal entity that becomes successor to the liquidating fund.

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