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Museum Is “Qualified Beneficiary” of Trust And Has Standing to Sue Trustees for Breach

Museum Is “Qualified Beneficiary” of Trust And Has Standing to Sue Trustees for Breach

Museum Is “Qualified Beneficiary” of Trust And Has Standing to Sue Trustees for Breach

Maine Court allows Museum to appeal order in which Trustees settled case with Attorney General
An antique car museum in Maine that is a permissible beneficiary of a separate trust created by the museum’s founder to support antique car museums has standing to sue the trustees of the trust and reopen the litigation, even after the trustees have settled the claims with the state Attorney General. The Supreme Judicial Court of Maine has reversed a trial court decision dismissing the claims. Richard C. Paine Jr. established the Seal Cove Auto Museum in 1963, and subsequently executed the Paine Automobile Collection Charitable Trust in 1986, to maintain and display his large collection of antique automobiles. Following his death in 2007, the Trust acquired most of his automobiles and an...

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