Mid-Atlantic

The PTO is not governed by Trust law and does not have to adhere to the Restatement of Trust Act. Instead it is governed by contract law. The most powerful vehicles in our nation are contracts, not trusts. Courts are bound by the Constitution to uphold lawful contracts. The PTO can do many things a trust cannot. For example, it can hold and operate a business. The PTO has the legal capacity to do anything a corporation can do but without the normal restrictions set upon corporations. Once a PTO is created it cannot be set aside by any court or legislative intent or will. And, the actual law that governs the PTO is the indentures of the trust contract, so the Trustees are making their own law, not the state.