The Cannon Trust 27JUL10 v. Tri-State AG LLC

CourtCourt of Chancery of Delaware
DecidedJune 30, 2026
DocketC.A. No. 2018-0142-CDW
StatusPublished

This text of The Cannon Trust 27JUL10 v. Tri-State AG LLC (The Cannon Trust 27JUL10 v. Tri-State AG LLC) is published on Counsel Stack Legal Research, covering Court of Chancery of Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
The Cannon Trust 27JUL10 v. Tri-State AG LLC, (Del. Ct. App. 2026).

Opinion

COURT OF CHANCERY OF THE STATE OF DELAWARE CHRISTIAN DOUGLAS WRIGHT LEONARD L. WILLIAMS JUSTICE CENTER MAGISTRATE IN CHANCERY 500 NORTH KING STREET, SUITE 11400 WILMINGTON, DE 19801-3734

June 30, 2026

John G. Harris, Esquire R. Karl Hill, Esquire Halloran Farkas + Kittila LLP Sullivan Nimeroff Brown Hill LLC 5722 Kennett Pike, Suite C/D 919 N. Market Street, Suite 420 Wilmington, DE 19807 Wilmington, DE 19801

Re: The Cannon Trust 27JUL10, et al., v. Tri-State AG LLC, et al., C.A. No. 2018-0142-CDW

Dear Counsel:

This letter report resolves defendants’ Motion for Summary Judgment1 in

this long-pending dispute regarding the management and operations of a

family-owned Delaware limited liability company. I recommend the court

deny the motion.

I. BACKGROUND

The following facts are drawn from the admitted allegations in

plaintiff’s’ Verified Complaint (“Complaint”) 2 and defendants’ Answer,3 the

parties’ briefs and attached exhibits submitted in connection with the Motion,

and other documents of record.

1 Dkt. 38 (“Motion”).

2 Dkt. 1.

3 Dkt. 4. C.A. No. 2018-0142-CDW June 30, 2026 Page 2 of 26

A. The Cannon Family, the Trust, and the Farm

This is a familial dispute centered on a 119-acre farm in Frederica,

Delaware (“Farm”) that has been in the Cannon Family’s possession for

decades. 4 On the Farm sits a home (“Farmhouse”), which is leased along with

the tillable land for income.5 Three plaintiffs are the late Robert Cannon

(“Bob”),6 his widow Thelma Cannon, and their son Gerald Cannon (“Jerry”).7

Bob and Thelma formed plaintiff The Cannon Trust 27JUL10 (“Trust”),8 a

revocable living trust which Bob and Thelma funded with all of their assets.9

Bob and Thelma were the co-grantors, co-trustees, and primary lifetime

beneficiaries, and designated their sons Jerry and Robert Cannon, Jr., as

4 Defs.’ Opening Br. in Supp. of Mot. for Summ. J. at 3, Dkt. 44 (“Opening Br.”);

Pls.’ Mem. of Facts and Law in Opp’n to Defs.’ Mot. for Summ. J. at 2, Dkt. 48 (“Answering Br.”). 5 Compl. ¶ 21; Ans. ¶ 21; Opening Br. 5; see App. to Defs.’ Opening Br. in Support

of Mot. for Summ. J. (“DX”), Ex. J, Dkt. 44. 6 Bob passed away on August 8, 2022. See Answering Br. 3.

7 Opening Br. 1–2.

8 Opening Br. 5; DX I (“Trust Declaration” and cited as “Tr. Decl.”).

9 Tr. Decl. art. Three, § A (“The accompanying Schedule A (incorporated herein by

reference) categorically describes those assets with which we are currently funding the living trust.”); Tr. Decl. Sched. A (identifying, among other things, “all business assets,” “all personal property,” and “all assets of any kind and wherever located”).

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remainder beneficiaries. 10 Thelma is the Trust’s only trustee after Bob’s

passing in 2022. 11

Defendant, the late Edgar Cannon II (“Ed”), was Bob’s older brother.12

Defendants Edgar Cannon III (“Gary”) and Laurie Cannon are Ed’s son and

daughter-in-law. 13 Figure One outlines the parties’ familial relationships:

The Cannon family previously operated the Farm as a partnership.14

Bob, Ed, and John Cannon were equal partners, each holding a 1/3 interest in

10 Opening Br. 5; Answering Br. 3; see Tr. Decl. art. One, § C and art. Two § B.

11 See Tr. Decl. art. One, § C; Opening Br. 5; Answering Br. 3.

12 Opening Br. 1–2; Answering Br. 4. 13 Opening Br. 1–2; Answering Br. 4.

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the Farm. 15 In 1988, Gary and Laurie acquired John’s interest, each in turn

became a 1/6 partner.16

B. The Cannons Form Tri-State as a Limited Liability Company

In early 2010, the partners reorganized ownership of the Farm in a

Delaware limited liability company and retained attorney James W. Owen to

effectuate the reorganization. 17 On June 24, 2010, the Certificate of Formation

of Tri-State AG, LLC (“Tri-State”) was filed with the Delaware Secretary of

State, naming Owen as the company’s registered agent.18 On July 27, Bob and

Thelma created the Trust.19

On March 13, 2011, Bob, Ed, Gary, and Laurie executed the Company

Agreement of Tri-State AG, LLC (“LLC Agreement”), and backdated the LLC

Agreement’s effective date to June 25, 2010. 20 The LLC Agreement identified

Tri-State’s members as Bob, Ed, Gary, and Laurie,21 and vested management

14 Opening Br. 3.

15 Id.

16 Id.

17 Compl. ¶ 3; Opening Br. 3; DX B, M.

18 DX B.

19 See Tr. Decl. (dated July 27, 2010).

20 DX C (“LLC Agreement”) § I.4; id. 19 (signature lines dated March 13, 2011).

21 See LLC Agreement Art. IV; LLC Agreement Ex. A (initial capital contributions).

-4- C.A. No. 2018-0142-CDW June 30, 2026 Page 5 of 26

authority in a manager who would be elected by unanimous vote of the

members.22 Attached to the LLC Agreement are the minutes of the first Tri-

State members’ meeting 23 where Ed was elected as Tri-State’s manager.24 On

March 23, 2011, Owen emailed Bob’s attorney regarding Bob’s membership

interest in Tri-State.25 Owen informed Bob’s counsel that he was “preparing

the membership certificates, and assume[s] [Bob] has a revocable trust and

would want to title his interest in the trust.”26 Owen concluded the email with a

request that Bob’s counsel confirm if this was the case and, if so, to provide the

“proper wording.”27 The record does not evidence a reply to Owen’s email.

On April 14, Bob, Ed, Gary, and Laurie deeded the Farm to Tri-State. 28

In a letter dated April 15, Owen sent Bob a Tri-State membership

certificate dated July 27, 2010 (“Trust Certificate”) that lists the Trust as the

22 LLC Agreement §§ I.8(i), V.1.1–1.2.

23 LLC Agreement 21. The minutes are also backdated to June 25, 2010. See id. 24 See Compl. ¶ 2(b) (“Ed[] was designated the sole manager of Tri-State . . . from the

onset . . . .”); Opening Br. 4 (“Ed was elected to serve as the manager.”); Answering Br. 4 (“Ed[] was elected by the [m]embers to be [m]anager of [Tri-State].”). But see Ans. ¶ 2 (denying Ed was the manager). The minutes indicate the members elected a manager, but they do not state who was elected. See LLC Agreement 21. The court infers Ed was the individual elected. 25 See DX B.

26 Id.

27 Id.

28 DX D.

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owner of 100 membership units in Tri-State, and was also signed by Ed in his

capacity as manager of Tri-State.29

C. Tri-State’s Tenant Abandons the Farm, Leaving the Farmhouse in Disrepair

Tri-State rented the Farmhouse to Terry D’Ambrosio for many years

until D’Ambrosio vacated the land on or about October 31, 2014.30

D’Ambrosio left the Farmhouse in a state of disrepair, causing Tri-State to

begin renovating the Farmhouse in January 2015. 31 Gary is a licensed engineer

and runs a home renovation business part-time, so he opted to do much of the

repairs himself, and hired outside contractors for work he could not perform.32

On March 14, Bob and Thelma visited Gary and Laurie while they were

working on the Farmhouse repairs.33 During their conversation, Gary informed

29 DX M; see PX A (membership certificate). There is no evidence in the record showing that Bob transferred the membership interest from himself to the Trust; other evidence in the record indicates Bob was acting as the member himself and not on behalf of the Trust.

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