Regl. 3288, art. 10
Annual Valuation. The Trustee shall annually,
Length: 115 wordsOfficial source
Cite as Reglamento Núm. 3288, Art. 10
at least 30 days prior to the anniversary date of establishment
of the Fund, furnish to the Grantor and to the EQB a statement
confirming the value of the Trust. Any securities in the Fund
shall be valued at market value as of no more than 60 days prior
to the anniversary date of establishment of the Fund. The failure
of the Grantor to object in writing to the Trustee within 90 days
after the statement has been furnished to the Grantor and the EQB
Chairman shall constitute a conclusively binding assent by the
Grantor, barring the Grantor from asserting any claim or
liability against the Trustee with respect to matters disclosed
in the statement.