1056sb

    On page 4 of the printed bill, delete lines 10 to 13, inclusive, and insert "in an amount of not less than one million dollars each. The bond and insurance required to be secured by a trust company shall provide that any bonding or insurance company providing the bond or insurance coverage trust company shall give at least ninety days notice of cancellation or renewal nonrenewal of the bond or insurance policy to the trust company and to the director within ten days of the receipt of cancellation or nonrenewal. Except as may be ".

    On page 23, delete lines 22 to 24, inclusive, and insert:

"

            (2)    An unconditional or conditional power to replace a trustee.

    The powers to remove or replace a trustee are personal to the beneficiary and may not be exercised by the beneficiary's creditors power holder. No court can may order, direct a beneficiary, or".