formt1.htm

_____________________________________________________________________________
 
securities and exchange commission
Washington, D.C. 20549
__________________________
 
FORM T-1
 
STATEMENT OF ELIGIBILITY UNDER
THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
√ Check if an Application to Determine Eligibility of
a Trustee Pursuant to Section 305(b)(2)
 
_______________________________________________________
 
U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
 
31-0841368
I.R.S. Employer Identification No.
 
800 Nicollet Mall
Minneapolis, Minnesota
 
55402
(Address of principal executive offices)
(Zip Code)
 
Melissa A. Rosal
U.S. Bank National Association
209 S. LaSalle Street, Suite 300
Chicago, Illinois 60604
(312) 325-8904
(Name, address and telephone number of agent for service)
 
AMERCO
(Issuer with respect to the Securities)
Nevada
88-0106815
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
   
 
1325 Airmotive Way, Suite 100
Reno, Nevada
 
 89502-3239
(Address of Principal Executive Offices)
(Zip Code)
 
Notes
 
(Title of the Indenture Securities)
 
 
 
 

 
 
 

 
FORM T-1
 
 
Item 1.      GENERAL INFORMATION.  Furnish the following information as to the Trustee.
 
 
a)
Name and address of each examining or supervising authority to which it is subject.
 
Comptroller of the Currency
 
Washington, D.C.
 
 
b)
Whether it is authorized to exercise corporate trust powers.
   Yes
 
 
Item 2.     AFFILIATIONS WITH OBLIGOR.  If the obligor is an affiliate of the Trustee, describe each such affiliation.
 
None
 
     Items 3-15
Items 3-15 are not applicable because to the best of the Trustee's knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.
 
 
Item 16.     LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.
 
 
1.   A copy of the Articles of Association of the Trustee.*
 
 
2.   A copy of the certificate of authority of the Trustee to commence business.**
 
 
3.
A copy of the certificate of authority of the Trustee to exercise corporate trust powers.**
 
 
4.
A copy of the existing bylaws of the Trustee.**
 
 
 
5.
Not applicable.
 
 
6.
The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939.
 
 
7.
Report of Condition of the Trustee as of September 30, 2010 published pursuant to law or the requirements of its supervising or examining authority.
 
 
 
 
* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.
 
** Incorporated by reference to Exhibit 25.1 to registration statement on S-4, Registration Number 333-166527 filed on May 5, 2010.
 

 
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SIGNATURE
 
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Chicago, State of Illinois on the 2nd of February, 2011.
 
By:    /s/ Melissa A. Rosal           
   Melissa A. Rosal 
   Vice President
 
 
 
 
 
 
 
 
 
 
 

 
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Exhibit 6
 
CONSENT
 
 
In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.
 
 
Dated: February 2, 2011
 
 
By:  /s/ Melissa A. Rosal          
 Melissa A. Rosal
 Vice President
 
 
 
 

 
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Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 9/30/2010
 
($000’s)
 


   
9/30/2010
  
Assets
      
Cash and Balances Due From Depository Institutions
   $ 4,468,855  
Securities
     47,348,124  
Federal Funds
     4,391,378  
Loans & Lease Financing Receivables
     189,026,648  
Fixed Assets
     5,734,308  
Intangible Assets
     12,792,037  
Other Assets
     22,001,025  
Total Assets
   $ 285,762,375  
         
Liabilities
        
Deposits
   $ 196,374,224  
Fed Funds
     10,707,062  
Treasury Demand Notes
     0  
Trading Liabilities
     476,735  
Other Borrowed Money
     33,801,510  
Acceptances
     0  
Subordinated Notes and Debentures
     7,760,721  
Other Liabilities
     7,649,489  
Total Liabilities
   $ 256,769,741  
         
Equity
        
Minority Interest in Subsidiaries
   $ 1,725,386  
Common and Preferred Stock
     18,200  
Surplus
     12,636,872  
Undivided Profits
     14,612,176  
Total Equity Capital
   $ 28,992,634  
         
Total Liabilities and Equity Capital
   $ 285,762,375  

 

 
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