This Governing Instrument (the “Agreement”) is entered into effective as of this 1st day of March, 2026, by and between the undersigned Trustee(s) and the Beneficial Owners.
ARTICLE I: FORMATION AND NAME
1.1 Formation. The Gonen Statutory Trust (the “Trust”) is a Wyoming statutory trust formed by the filing of a Certificate of Trust with the Wyoming Secretary of State pursuant to the Wyoming Statutory Trust Act.
1.2 Name. The business of the Trust shall be conducted under the name “Gonen Statutory Trust.”
ARTICLE II: PURPOSE
2.1 Purpose. The purpose of the Trust is to engage in any lawful activity for which a statutory trust may be formed under Wyoming law, including but not limited to holding, managing, and investing in real and personal property.
ARTICLE III: SERIES PROVISIONS (THE “LEGAL FIREWALL”)
3.1 Establishment of Series. Pursuant to W.S. § 17-23-108, the Trustee is authorized to establish one or more designated series (“Series”) of trustees, beneficial owners, or beneficial interests.
3.2 Segregated Liability. In accordance with W.S. § 17-23-108(b)(ii) and the notice filed in the Certificate of Trust:
- (a) The debts, liabilities, obligations, and expenses incurred with respect to a particular Series shall be enforceable against the assets of that Series only.
- (b) None of the debts or liabilities of the Trust generally or any other Series shall be enforceable against the assets of a specific Series. 3.3 Separate Records. The Trustee shall maintain separate and distinct records for each Series and shall account for the assets of each Series separately from the assets of the Trust or any other Series.
ARTICLE IV: MANAGEMENT AND TRUSTEES
4.1 Management. The business and affairs of the Trust shall be managed by the Trustee(s).
4.2 Standard of Care. Pursuant to W.S. § 17-23-105, a Trustee shall not be held to a more rigorous standard of care than that imposed upon directors of a business corporation under the Wyoming Business Corporation Act.
4.3 Liability. A Trustee, when acting in such capacity, shall not be personally liable to any person other than the Trust or a Beneficial Owner for any act, omission, or obligation of the Trust.
ARTICLE V: BENEFICIAL OWNERS
5.1 Limited Liability. Beneficial Owners shall be entitled to the same limitation of personal liability as is extended to shareholders of a Wyoming corporation.
5.2 Admission. A person becomes a Beneficial Owner by contributing property or cash to the Trust (or a specific Series) in exchange for a beneficial interest.
ARTICLE VI: AMENDMENTS AND TERMINATION
6.1 Amendments. This Agreement may be amended by a written instrument signed by the Trustee(s) and, if required by the terms of a specific Series, the Beneficial Owners of that Series.
6.2 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Wyoming.
Execution & Compliance Checklist
To ensure this document remains legally binding and protects your assets:
- Sign and Notarize: While the state doesn’t require a notary for the filing, you should have this internal document notarized to prove the date of execution.
- The “Series Designation” Addendum: When you want to actually start “Series 1,” you create a one-page “Designation of Series 1” and attach it to this Agreement.
- W.S. § 17-23-114 Compliance: Ensure your Registered Agent in Wyoming has a current copy of the names and addresses of all Trustees on file, as required by state law.
Would you like me to draft a “Schedule A” template that you can use to list the assets for each individual series?