FEC Reverses Position, Steele Now Allowed to Recommend New Trustees
The good news is the only thing now between you and $20 million* political technology is Michael Steele. On April 27, 2009, the Federal Election Commission in a letter from Associate Counsel to the Trustee Chairman, reversed course. The Trustees, on advice of legal counsel and after consultation with the Pennsylvania Attorney General, modified the Trust Agreement, Article II, ¶ 12(C), to allow the Chairman of the Republican National Committee to recommend candidates for successor trustee candidates for the sitting Trustees to appoint, after notice and opportunity for qualified beneficiaries to comment. The FEC position is in response to the Trustee’s Resolution 2009-7A3. (Prior Resolutions 2009-7, 2009-7A and 2009-7A2 are in the post below). A more detailed Legal Notice will be sent to all Beneficiaries as soon as discussions with RNC Chief Counsel are completed.* Estimated year-end fair market (cash replacement) value.
Posted: May 12th, 2009 under Uncategorized.
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