Document Yj8eZ0m041jVV9624J0MEz0oO

FILE NAME Cape Asbestos CAPE DATE 1979 Aug 24 DOC CAPE167 DOCUMENT DESCRIPTION Memo - Immunity of Assets of Liquidating Truest form Levy by Judgment Creditor or Cape Industries Legal - Tibbs Case Exhibit 65 FILED - TO M. E. Meyer 2023 Oct FROM M. P. Grear 18 12:13 DATE 24 August 1979 PM RE North American Asbestos Corporation Liquidating Trust - File No. 74600 NAA - 009 LIQ RICHLAND Immunity of Assets of Liquidating Trust From Levy by Judgment Creditor of Cape Industries Ltd. - FACTS COMON t 4 North American Asbestos corporation NAAC has filed Corporation NAAC is an Illinois an Intent to Dissolve pursuant to 77 of the Illinois Business Corporation Act Articles of Dissolution pursuant to have yet issued All of the assets of NAAC were PLEAS conveyed to Herbert C. Brook and Max E. Meyer as trustees under a - certain Liquidating Trust Agreement dated January 31 1978 and are at present so held After payment of NAAC's debts it is intended that the assets of NAAC will be distributed to NAAC's sole shareholder 203CP41759 The sole shareholder of NAAC is Cape Industries Overseas Ltd. CIO a a corporation organized in the United Kingdom CIO in turn is wholly by Cape Industries Ltd. CI Among CI's subsidiaries is a corporation organized under the laws of South Africa for convenience referred to herein as SA which corporation owned the asbestos mine whose products were sold by NAAC among others The foregoing foregoing foregoing corporate corporate structure may be may diagramed as follows BA71AS BA71AS JUN D15 D15 CAPE000593