Thursday, February 29, 2024 12:32:03 AM
And
Subject to certain limited exceptions, the Liquidating Trust Interests are not transferable or assignable.
LTIs are not transferable or assignable except by will, intestate succession or operation of law. Accordingly, there is no liquid trading market in the LTIs. Under certain circumstances, transfers of LTIs have been permitted upon the winding up or dissolution of vehicles that previously held LTIs on behalf of such vehicles or the beneficiaries thereof. There can be no assurance that the Trust will consent to any such transfers in the future.
From 2018 10-K
https://www.sec.gov/Archives/edgar/data/1545078/000119312518097841/d503450d10k.htm
So, in conclusion
WMILT evidenced issuance of LTIs by book entry system and deemed them as holder of record, that means they are/were on the books and records of the debtors. And, transfers of LTIs have been permitted upon the winding up or dissolution of vehicles that previously held LTIs on behalf of such vehicles or the beneficiaries thereof. There can be no assurance that the Trust will consent to any such transfers in the future.
WOODWAY MUST BE BUSY WITH LITIGATION DWELLING INTO ALL THOSE TOLLING AGREEMENTS,IMO.MAY BE THATS THE REASON CERTAIN CLOWNS ARE AROUND.NOW THEY ARE PRAISING COOP,IT WAS THE OPPOSITE WHEN IT WAS WAMUQ AND WMIH.
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