HARRY HUGHES, Governor
1687
(4) If a trustee files a schedule of increased
rates as provided in this subsection, the trustee shall give
notice to the ascertained beneficiaries of each affected
trust by the beginning of the fiscal year to which the
schedule applies. Any beneficiary of a trust who objects to
the schedule of rates to be charged to that trust, after
notifying the trustee of the objection, may petition the
appropriate equity court to review the reasonableness of the
rates to be charged. The notice required by this paragraph
shall include a clear statement of the rights and procedures
available to beneficiaries under this subsection. If the
court finds that the rates in the schedule are unreasonable
for the current fiscal year of the particular trust, the
trustee's commissions for that trust for that fiscal year
shall be limited to the rates charged that trust during the
previous fiscal year.
(5) If a trustee does not file a schedule of
rates with the appropriate agency and notify ascertained
beneficiaries as previously provided in this subsection, the
trustee is limited to charging the rates set forth in
subsections (b) and (c) of this section.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1982.
Approved May 4, 1982.
CHAPTER 184
(House Bill 648)
AN ACT concerning
Natural Resources - Forest and Park Service
FOR the purpose of combining the forest and park units of
the Department of Natural Resources into 1 unit;
combining the Forest Advisory Commission and the Parks
Advisory Commission into 1 commission called the Forest
and Park Advisory Commission; providing for the
appointment of the Forest and Park Advisory Commission;
providing for membership on the Forest and Park
Advisory Commission; repealing the appointment of the
State Forester by the Secretary; and clarifying
language.
BY repealing and reenacting, with amendments,
Article - Natural Resources
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