Gen X at 40

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Comments

Ben -

Here's a question -- what about the statute of limitations? If the NHL and the trustees did wrong in 1947, and effectively embezzled/stole the cup, would it not be too late to fix any wrongs done then?

(Hazy memories of the Weldon Building bring this up. Probably am wrong.)

Alan -

I'd say a trust conveys constantly current obligation.

Ben -

Rule of perpetuities? Guess it doesn't apply in these sorts of cases?

Alan -

I think the trust is under one of the old charitable classes so it can go forever. I am away from my three story personal library, however, so I might be wrong about this.

Ben -

Had I stuck out the extra four months at Dal and actually taken Equity and Trusts, I would know about such things.

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