Laws as to Construction. This Agreement and the trust created hereby shall be governed by and construed in accordance with the laws of the State of Delaware. The Trustee, the Company and the Beneficiaries (by their acceptance of any distributions made to them pursuant to this Agreement) consent and agree that this Agreement shall be governed by and construed in accordance with such laws. The Trustee may amend this Agreement to provide for the creation of a new trust governed by the laws of another jurisdiction to which the Retained Assets and Liabilities shall be assigned. Sections 3540 and 3561 of Title 12 of the Delaware Code shall not apply to the Trust.
Appears in 4 contracts
Samples: Liquidating Trust Agreement (Shelbourne Properties Ii Inc), Liquidating Trust Agreement (Shelbourne Properties Iii Inc), Trust Agreement (Fab Industries Inc)
