Trustees’ Internal Operating Procedures

The Trustees promulgate Internal Operating Procedures (”IOPs”) for the purposes of implementing the terms of the Trust Agreement and all applicable law.  Obviously, portions of the IOPs are redacted because they obtain trade secret information only for use by Beneficiaries, and are available from your Circuit Trustee.  Please note the footnote at the bottom of each page to indicate the date of issuance, as  the Trustees  amend the IOPs from time to time.

For an overview of the Trustee’s Internal Operating Procedures click Table of Contents (which also includes the Title and copyright page).

For a copy of IOP Part I concerning Scope and Organization of Rules, click IOP Rule 1.  The rules of constructon and terms govern all other IOP Rules.

For a copy of the IOP Part I concerning the Explanatory Comment regarding the Trust Property (the balance is redacted ) click IOP Rule 2 Explanatory Comment. 

For a copy of the IOPs Part II concerning Trust Administration (IOP Rule 4 through IOP Rule 9) click IOP Part II re Trust Administration.  To view simply the rules that govern the Trustees themselves, click for IOP Rules 4, 5, and 6.  To read the portion of IOP Rule 4(j) concerning the recently enacted provisions covering the Chinese Wall, click here for Technical Bulletin 2009-02.

For a copy of the IOPs Part III, concerning Trust Finances click IOP Part III re Trust Finances.  To view the rule governing the Trust Accounts, click for IOP Rule 10,  the rule governing Attribution, click for IOP Rule 11, as to the annual Distribution of “Basis” to the Beneficiaries, click for IOP Rule 12, and on how the Trustees undertake fundraising (along with important prohibitions that govern such fundraising) click for IOP Rule 13.   Contractors and vendors seeking appointment as Agents, as well as those already appointed, click for IOP Rule 14.  IOP Rule 14 is incorporated by reference to all Scopes and Term of Delegation Agen Appointments.  For the Trust’s alternative dispute resolution procedures to resolve grievances click for IOP Rule 17.