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.
After some members of Congress asked to see the diplomatsâ reports regarding what had transpired in France, Adams handed them over with the names of the French agents replaced with the letters X, Y and Z; thus the name XYZ Affair.