In the role of liquidating trustee, (beginning before the trust is formed) we administer and manage the liquidating trust to sell remaining assets, settle open contracts, pay creditors and distribute any available funds to the company’s former stockholders. On the contrary, we prefer to be retained early enough in the wind down process to avoid insolvency and transition smoothly from the public entity to the liquidating trust structure.
A liquidating trust is a new legal entity that becomes a successor in interest to the liquidating company at the point the company dissolves and all its assets and liabilities move to the trust.
The Resident Trustee is hereby authorized and directed to execute and file a certificate of trust with the Secretary of State of the State of Delaware in substantially the form attached hereto as EXHIBIT A.
• Liquidation into a liquidating trust in accordance with Rev. • Continue active research participation in collaborations or other research activities for long periods; • Continue employee benefit programs for long indefinite periods; • Provide a tradable security for unit-holders. It’s our job --- and it’s not a job any executive or employee of a client company sought or signed up for. In an industry where a “successful” company may not sell any products and a majority of programs fail, familiarity helps.
We understand how value can be perceived in high risk programs but we are familiar with “biobucks.” Practical financial, legal, transactional and operational experience.
The Anschutz Company bought Xanterra from JMB in 2008.
Urban Shopping Centers was a self-administered real estate investment trust that built 25 shopping malls and managed another 60.