dream on wellington capital.., page-15

Duped said
"The High Court appeal will decide who are the ARL shareholders: us investors or our fund. I.e. will we paid the proceeds directly or via the fund."

on that line of thought...


so if you go by that basic statement
""1. There must be a separation of legal ownership (vested in the trustee)
from equitable ownership (vested in the beneficiary)11"

how could the NSX shares operate under this trust definition/description?

How can a PIN NSX share holder sell their shares to the general public because according to that statement re trusts, they dont have legal ownership, under a trust the RE /trustee has legal ownership, dont they?
I wouldnt think a beneficiary could sell their equity to another or does that fall into those Universal powers ...


How does that work?
because I thought, Under the unit holder scenario..the units were delivered back to the RE ie legal owner..
so no problems there,operating as a trust,imlo.
Were all the trades on NSX in the same catagory as you put this ARL deal, Duped?

I have no skills in this area and havent been following the changes happening to the fund that closely