Annual Valuation. The Trustee shall annually, at least 30 days prior to the anniversary date of the establishment of the Fund, furnish to the Grantor and to the New Mexico Environment Department secretary 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 New Mexico Environment Department secretary 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.
Appears in 4 contracts
Samples: Trust Agreement, Form for Trust Agreement, Trust Agreement
