"Is there clause that says that legal defense would NOT come out of revenues to be distributed to shareholders?"
It would have to come out of future distributions. As a royalty land trust. HGT has no real employees (lawyers). They have some bankers that balance books, pay themselves, and send the rest out as distribution payments. There is no reserve cash fund, sellable assets, that I am aware of that a corporation would have to plan and prepare for a legal battle.