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Friday, March 22, 2024 12:33:22 AM
(a) General. Avoidance Actions Trust Interests shall not be transferable or
assignable except by will, intestate succession or operation of law.
(b) Book Entry System. The Book Entry System shall include a register (which
may be electronic) setting forth the names and addresses of the Avoidance Actions Trust
Beneficiaries, and the amount and class of their Avoidance Actions Trust Interests from time to
time. Any transfer or assignment of an Avoidance Actions Trust Interest by will, intestate
succession or operation of law shall not be effective unless and until such transfer or assignment
is recorded in the Book Entry System, which shall be completed as soon as practicable. Subject
to Section 2.4(d) hereof, the entries in the Book Entry System shall be conclusive absent manifest
error, and the Avoidance Actions Trust and the Trustee shall treat each Person whose name is
recorded in the Book Entry System pursuant to the terms hereof as the owner of Avoidance Actions
Trust Interests indicated therein for all purposes of this Trust Agreement, notwithstanding notice
to the contrary.
https://cases.ra.kroll.com/PRAATrust/
Another case Mr.Smith will be engaged with atleast for a decade imo.Same language like wmilt about book-entry.
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