gardenersdating com - Form of liquidating trust agreement


At the end of twenty years from and after the death of the last survivor of _________, _________ and _________, and of the lawful issue now living of any of them (unless this trust has been otherwise lawfully terminated), all the property of every kind then held shall be sold by the trustees and equitable distribution made of the net proceeds among the persons then entitled.

Liquidating Trust Agreement (the “Agreement”) dated as of November 1, 2010 is by and between Circuit City Stores, Inc.

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The trustees in this connection have full authority from time to time to use any funds on hand, whether received as capital or income, for purposes of any repair, improvement, protection or development of the property, or the acquisition of other property as the trustees may determine to be wise and expedient, for the protection and development of the trust property as a whole pending its conversion and distribution.