Amend the bill in section 1 in subsection 3 in the 2nd line (page 1, line 5 in L.D.) by inserting after the following: "modify" the following: ' one or more of'

Amend the bill in section 1 in subsection 3 in the 3rd line (page 1, line 6 in L.D.) by striking out the following: "subsection 1 or , 2 or 3" and inserting the following: ' subsection subsections 1 or , 2 and 3'

SUMMARY

This amendment clarifies that the settlor of a trust has authority to waive one or more of the trustee's duties that are listed in the Maine Revised Statutes, Title 18-B, section 813, subsections 1, 2 and 3 with regard to giving notice, information and reports to qualified beneficiaries.