Stockholders in the company become unit holders a/k/a beneficiaries of the trust.
The trust units are not tradable but shares of stock in a company that has dissolved are typically are no longer tradable either.
In the role of liquidating trustee, (beginning before the trust is formed) we administer and manage the liquidating trust to sell remaining assets, settle open contracts, pay creditors and distribute any available funds to the company’s former stockholders. On the contrary, we prefer to be retained early enough in the wind down process to avoid insolvency and transition smoothly from the public entity to the liquidating trust structure.
A liquidating trust is a new legal entity that becomes a successor in interest to the liquidating company at the point the company dissolves and all its assets and liabilities move to the trust.
Since 1974 he has worked as an independent financial consultant." (Starwood Hotels and Resorts Announces Board Appointments. A Handbook for the Business Community," by Regina Carlson, Executive Director of New Jersey Group Against Smoking Pollution, 1986.
Press release, April 8, 1998.) Press release, April 8, 1998 / Starwood Hotels and Resorts Troubh is on the Advisory Board of the Weinberg Center for Corporate Governance at the University of Delaware. Toward A Smoke-Free Workplace, 1986 / UCSF-Legacy Troubh was a director of Warner Communications from 1979 to 1990, and a director of Time Warner from 1989 to 1997.
Troubh is a graduate of Bowdoin College and Yale Law School.