If the Trustee Is the Last One of the Original

question 3

True/False

If the trustee is the last one of the original trustees to die, his personal representatives will become the new trustees of the trust.

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Definitions:

Reduces Liquidity

Refers to any action or situation that decreases the ease with which assets can be converted into cash without significant loss in value.

Divestiture

Sale of assets by a company.

Merger

A corporate strategy of combining two or more companies into a single company in order to enhance competitive advantages or expand market share.

Tender Offer

Offer made by a company to the target company’s shareholders specifying a price and the form of payment.