RETIREMENT OF TRUSTEE. 34 (A) The Trustee shall not retire until a new trustee is appointed. In the event of the Trustee desiring to retire, the Manager (or in default the Trustee) may by deed supplemental hereto under the seal of the Manager or the Trustee (as the case may be) appoint any company or corporation empowered to act as trustee of a unit trust to be the trustee in the place of the retiring Trustee and also provide in such deed for the vesting in the new Trustee of the instruments and securities standing in the name of the retiring Trustee. The retirement of the Trustee shall take effect at the same time the new trustee takes office.
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Samples: www.arpicoataraxia.com, Unit Trust Deed, Unit Trust Deed
