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2. Texas two-step bankruptcy - Wikipedia

   en.wikipedia.org/wiki/Texas_two-step_bankruptcy

   The Texas two-step allows solvent companies to shield their assets from litigants using protections that are normally reserved for bankrupt companies. [1] The goal of a Texas two-step is for the parent company to gain a third-party release of all liabilities it assigned to its spinoff, thus preventing litigants from pursuing those claims ...

3. Texas Fund Trapping Notice - Wikipedia

   en.wikipedia.org/wiki/Texas_Fund_Trapping_Notice

   In Mechanics lien law a Texas Fund Trapping Notice is a preliminary notice that parties on construction projects who are not directly contracted with the owner send in order to preserve the right to file a mechanics lien in the event of nonpayment in Texas. This document is called a Fund Trapping Notice because its purpose is to inform the ...

4. List of U.S. states by sovereign wealth funds - Wikipedia

   en.wikipedia.org/wiki/List_of_U.S._states_by...

   Alabama Trust Fund: 2.5: June 2016 [9] Petroleum: 8 Utah: State School Fund 2.0: March 2015 [10] Public lands 9 Oregon: Oregon Common School Fund: 1.4: December 2016 [11] Public lands 10 Louisiana: Louisiana Education Quality Trust Fund: 1.3: June 2016 [12] Petroleum: 11 Montana: Coal Severance Tax Trust Fund & Public School Trust 1.2: June ...

5. The 'Texas two-step' is back as J&J tries to shed talc ... - AOL

   www.aol.com/finance/texas-two-step-back-j...

   The "Texas two-step" strategy takes advantage of state laws that allow for the transfer of liabilities through a so-called divisive merger, which is a way to separate a company's operations into ...

6. United States trust law - Wikipedia

   en.wikipedia.org/wiki/United_States_trust_law

   Many create trusts to protect family members from themselves. It is not unusual [citation needed] to see a will in which four children get funds free of trust or any other encumbrances from their father but a fifth child's funds are all or mostly placed in trust. This is usually for good cause – drug abuse, demonstrated inability to hold onto ...

7. Express trust - Wikipedia

   en.wikipedia.org/wiki/Express_trust

   In trust law, an express trust is a trust created "in express terms, and usually in writing, as distinguished from one inferred by the law from the conduct or dealings of the parties." [ 1 ] Property is transferred by a person (called a trustor, settlor , or grantor) to a transferee (called the trustee ), who holds the property for the benefit ...