HomeMy WebLinkAbout0647 resigned on the date of said certificate.
C. If any corporate trustee at any time resigns, or
~ is unable or refuses to act, another corporation, authorized un-
der the laws of the United States or of any state to ac]minist~r
trusts and having total capital, surplus and undivided profits
Qf at least One Million Dollars, may be appointed as trustee in
its place by an instrument filed with the txust records and signed
by or on behalf of the beneficiary ar beneficiaries, at the time
of appointraent of the current trust income.
D. 1. The approval of the accounts of any trustee,
in an instrument signed by or on behalf of the beneficiary or
beneficiaries, at the time of approval, of the current trust in-
come shall be a complete release and discharge of such trustee
~ with respect to the t~clministration of the trust progerty for
the period covered by such accounts, binding upon all persons.
2. The guardian or conservator of ~he estate of
f a beneficiary under legal disability, or either of the parents -
~ -
or the quardian of the person of a minor beneficiary for whose
estate no guardian has been appointed, may act for the benefi-
~ ciary in signing any instrument under this Agreement.
3. Ariy corporate successor to the trust business
of any corporate trustee at any time actinq hereunder shall suc-
ceed to the capacity af its predecessor, without conveyance or
transfer.
~ 4. Any successor trustee hereunder shall have all
the title, powers and discreti.on of the orictinai trustee, without
vonveyance or transfer.
E. Any corporate trustee may be removed at any time,
by an instrument delivered to it and signed by or on behalf of
the adult beneficiary or beneficiaries, at the time of removal,
of at least two-thirds of the current trust income, but only if
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