WILLIAM DONALD SCHAEFER, Governor

(II) HAS AN INTEREST IN THE TRUST, ESTATE, OR
FUND THAT IS THE SUBJECT OF A COMPLAINT FILED UNDER THIS
SUBSECTION.

(2)  A PERSON ENTITLED TO NOTICE UNDER SUBSECTION (A)
OF THIS SECTION WHO OBJECTS TO THE APPOINTMENT OF THE SUCCESSOR
FIDUCIARY MAY, WITHIN 60 DAYS AFTER SUBSTITUTION OF THE SUCCESSOR
FIDUCIARY, FILE A COMPLAINT FOR REMOVAL OF THE SUCCESSOR
FIDUCIARY IN THE CIRCUIT COURT FOR THE COUNTY IN WHICH THE
PRINCIPAL PLACE OF BUSINESS OF THE SUCCESSOR FIDUCIARY IS
LOCATED.

(3)  AFTER NOTICE TO ALL INTERESTED PARTIES AND A
HEARING, THE COURT MAY APPOINT A NEW FIDUCIARY TO REPLACE THE
SUCCESSOR FIDUCIARY IF IT FINDS THAT SUBSTITUTION OF THE
SUCCESSOR FIDUCIARY UNDER § 15-1A-02 OF THIS SUBTITLE WILL
ADVERSELY AFFECT ADMINISTRATION OF THE TRUST, ESTATE, OR FUND AND
THAT APPOINTMENT OF A NEW FIDUCIARY WILL BE IN THE BEST INTERESTS
OF THE PLAINTIFF AND ALL OTHER INTERESTED PARTIES.

15-1A-05.

IN ADDITION TO THE PROVISIONS FOR REMOVAL UNDER §
15-1A-04(D) OF THIS SUBTITLE, REMOVAL OF A CORPORATE FIDUCIARY IS
SUBJECT TO ALL OTHER LAWS OF THIS STATE AFFECTING REMOVAL OF
FIDUCIARIES AND TO ANY AGREEMENT THAT DESIGNATES THE PREDECESSOR
CORPORATE FIDUCIARY AS THE CORPORATE FIDUCIARY OF THE TRUST,
ESTATE, OR FUND.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1989.

May 25, 1989

The Honorable Thomas V. Mike Miller, Jr.

President of the Senate

State House

Annapolis, Maryland 21401

Dear Mr. President:

In accordance with Article II, Section 17 of the Maryland
Constitution, I have today vetoed Senate Bill 164.

This bill increases the fee for examination or investigation of
persons licensed under the Maryland Secondary Mortgage Loan Law.

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