A RESOLUTION urging the legislative council to assign
to the probate code study commission the topic of trust
Whereas, A beneficiary of a trust is defined as "a person
for whom a trust was created, and who receives the benefits of
that trust"; and
Whereas, The rights of beneficiaries must be guarded and
including the following:
1. Requiring securities of a trust be deposited in a clearing corporation.
2. Requiring a clearing corporation provide reports directly to the beneficiary of a trust.
3. Rules that govern trustees.
HR 1506/DI 84