The ESBT is the only trust that can hold S Corporation stock, have more than one beneficiary, and allow the trustee discretion over distributions, without causing a loss of the S corporation election.
Affair of the Placards The Affair of the Placards (French: Affaire des Placards) was an incident in which anti-Catholic posters appeared in public places in Paris and in four major provincial cities: Blois, Rouen, Tours and OrlÃ©ans, overnight during 17 October 1534.
Virginius affair, 1873, incident that came near to causing war between the United States and Spain. The Virginius, a filibustering ship, was fraudulently flying the American flag and carrying arms to the Cubans in the Ten Years WarTen Years War, 1868â78, struggle for Cuban independence from Spain.