WILLIAM DONALD SCHAEFER, Governor

(h) An individual trustee who is not authorized to file a
schedule of increased rates under this section is limited to
charging the rates set forth in subsections (b) and (c) of this
section unless the trustee petitions [a court of equity in the
jurisdiction in which] THE CIRCUIT COURT FOR THE COUNY COUNTY
WHERE the trustee is located and obtains approval of an increase
in fee after giving notice of such action to the ascertained
beneficiaries of the trusts affected.

(i) The schedule of increased rates of income commissions
and corpus commissions which trustees are authorized to charge as
provided [above] IN SUBSECTION (G) OF THIS SECTION is not
applicable to guardians.

(j) The legal and court costs incurred by the trustee
pursuant to any court review under subsection (g)(4) or (h) of
this section shall be charged against trustees' fees and may not
be assumed by the trust or the beneficiaries.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.

June 2, 1987
The Honorable R. Clayton Mitchell, Jr.
Speaker of the House of Delegates
State House
Annapolis, Maryland 21404

Dear Mr. Speaker:

In accordance with Article II, Section 17 of the Maryland
Constitution, I have today vetoed House Bill 483.

This bill alters the method of calculating the recordation
tax for certain instruments of writing that secure interests in
certain nonexempt personal and real property located partly in
this State.

Senate Bill 426, which was passed by the General Assembly
and signed by me on May 14, 1987, accomplishes the same purpose.
Therefore, it is not necessary for me to sign House Bill 483.

Sincerely,

William Donald Schaefer

Governor

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