In Re: Wells, R., Pet of: V.M.I. Foundation
This text of In Re: Wells, R., Pet of: V.M.I. Foundation (In Re: Wells, R., Pet of: V.M.I. Foundation) is published on Counsel Stack Legal Research, covering Supreme Court of Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
IN THE SUPREME COURT OF PENNSYLVANIA WESTERN DISTRICT
IN RE: TRUST B UNDER AGREEMENT : No. 254 WAL 2022 OF RICHARD H. WELLS DATED : SEPTEMBER 28, 1956 : : Petition for Allowance of Appeal : from the Order of the Superior Court PETITION OF: V.M.I. FOUNDATION, INC. :
ORDER
PER CURIAM
AND NOW, this 7th day of March, 2023, the Petition for Allowance of Appeal is
GRANTED. The issue, as stated by petitioner, is:
(1) Whether, in a matter of first impression, the Pennsylvania Superior Court erred in its analysis and application of 20 Pa.C.S. § 7740.3(e) (“The Charitable Trust Termination Statute”) in holding that the VMI Foundation, Inc. (hereinafter, “VMI Foundation”) is not entitled to the remedies sought by its Motion for Summary Judgment, specifically to include the termination of the Wells Trust with an award of the trust’s assets to the VMI Foundation to be held on the conditions nearly identical to the terms and conditions set forth in the Wells Trust?
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