175 years ago today - Jan 30, 1841

Joseph Smith is elected sole Trustee-in-rust for church, the legal entity for directing church finances until 1923. This enables Smith "to receive, acquire, manage or convey property, real, personal, or mixed, for the sole use and benefit of said church". Smith uses the office to combine corporate and personal affairs in an intricate manner never entirely unraveled after his death. Later Brigham Young, as Trustee-in-Trust does the same on an even larger scale requiring the Church to sue his estate after his death.

No comments:

Post a Comment