v3.26.1
Related Party Transactions
 12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Related Party Transactions
NOTE 3. RELATED PARTY TRANSACTIONS
The Trustees are paid in accordance with the Declaration of Trust, which provides that each Trustee shall receive annual compensation of $2,500, provided that such aggregate compensation to the Trustees as a group may not exceed 3% of the Contingent Portion amounts received by the Trust in any year. The Declaration of Trust also provides for the reimbursement of expenses reasonably incurred in the performance of a Trustee’s duties to the Trust, including clerical and administrative services. Accordingly, the Trustees are entitled to receive annual compensation and reimbursement for services performed for the Trust, including the Corporate Trustee’s services as the Registrar and Transfer Agent of the certificates representing the Trust Units. No expense is being charged or paid by the Trust for the office space and office equipment of the Corporate Trustee that is being utilized for the Trust. The Declaration of Trust also provides that if a Trustee performs unusual or extraordinary services, reasonable compensation for such services shall be paid, subject to the terms and conditions of the Declaration of Trust.
Pursuant to the Declaration of Trust, disbursements were made as follows to the Trustees for the years ended December 31, 2025 and December 31, 2024:
 
Trustee Fees Paid by the Trust
  
2025
 
  
2024
 
Individual Trustee Fees
      $ 2,500        $ 3,125  
Corporate Trustee Fees
      2,500        2,500
  
Corporate Trustee Transfer Agent Registrar Fees
(1)
      27,500        24,375  
  
 
 
     
 
 
  
Totals
   
 
$ 32,500
 
   
 
$ 30,000
 
  
 
 
     
 
 
  
 
(1)
These services are performed by the Corporate Trustee.