Trustees waited too long to seek change in charitable distributions
Trustees of a charitable trust making distributions to support a public garden and several colleges waited too long to seek a review of a 2003 settlement agreement, approved by a court, that allocated the distributions among the beneficiaries. The Supreme Court of Alabama has dismissed a petition from the trustees to increase the support of the gardens.
The full text of this article is available to paid subscribers only. Login or subscribe to read more