1994 LAWS OF MARYLAND

(B)      UPON TERMINATION OF A TRUST, THE TRUSTEE SHALL TRANSFER THE
UNEXPENDED TRUST PROPERTY:

(1)      AS DESIGNATED IN THE INSTRUMENT CREATING THE TRUST; OR

(2)      IF THERE IS NO DESIGNATION, IN THE FOLLOWING ORDER:

(I)       TO THE TRANSFEROR, IF LIVING; OR

(II)     IF THE TRANSFEROR IS NOT LIVING AND DIED WITH A WILL,
TO THOSE PERSONS, OTHER THAN THE BENEFICIARY, DESIGNATED AS RESIDUARY
LEGATEES IN THE TRANSFEROR'S WILL IN THE PROPORTIONS TO WHICH THEY
WERE ENTITLED UNDER THE TRANSFEROR'S WILL; OR

(III)    IF THE TRANSFEROR IS NOT LIVING AND DIED WITHOUT A
WILL, TO THOSE PERSONS, OTHER THAN THE BENEFICIARY, WHO WOULD BE
ENTITLED TO RECEIVE THE TRUST PROPERTY AT THE TIME IF THE TRANSFEROR
OWNING THE TRUST PROPERTY DIED WITHOUT A WILL, AND IS A RESIDENT OF
MARYLAND.

(C)     THE POWERS AND DUTIES OF THE TRUSTEE SHALL CONTINUE UNTIL THE
FINAL AND COMPLETE DISTRIBUTION OF THE TRUST PROPERTY IS MADE.

14-407.

(A) THE FOLLOWING FORM MAY BE USED TO CREATE A TRUST BY TRANSFER:

"TRANSFER UNDER THE MARYLAND DISCRETIONARY TRUST ACT

A.       I, ___________ (NAME OF TRANSFEROR OR NAME OF

REPRESENTATIVE CAPACITY IF A FIDUCIARY), TRANSFER THE PROPERTY
DESCRIBED IN PARAGRAPH D TO THE TRUSTEE NAMED IN PARAGRAPH B, AND
SUCH TRUSTEE'S SUCCESSORS, TO BE HELD IN TRUST UNDER THE MARYLAND
DISCRETIONARY TRUST ACT BY THE TRUSTEE FOR THE BENEFIT. OF THE
BENEFICIARY NAMED IN PARAGRAPH C.

B.        1. THE TRUSTEE SHALL BE________________________________.

(NAME ONE OR MORE)

2. AT ANY TIME WHEN THE TRUSTEE IS UNABLE TO SERVE AS
TRUSTEE, THE FOLLOWING PERSONS SHALL SUCCEED AS TRUSTEE IN THE ORDER
NAMED (SPECIFY WHO REPLACES WHOM FOR MULTIPLE TRUSTEES):

I. _____________________

II. ______________________

III. _____________________________

C.       THE BENEFICIARY SHALL BE________________________

(NAME ONE ONLY)

D.  THE TRUST PROPERTY SHALL BE:

1.__________________________________________

- 2072 -

Ch. 418