1st Sub.
H.B.
385
DUTIES AND WITHDRAWAL OF TRUSTEE
Senate Floor
Amendments
Amendment 1 March 13, 2013 9:02 AM
Senator John L. Valentine
proposes the following amendments:
1. Page
3, Line 87 through Page 4, Line 88
:
87
(1) (a)
{
[
}
The
{
]
}
{
A
}
beneficiary may appoint a successor trustee at any time by filing
for
88
record in the office of the county recorder of each county in which the trust property or some
2. Page
6, Lines 156 through 157
:
156
(e)
(i)
The withdrawal of a trustee of a trust deed under this section does not affect the
157
validity
or the priority
of the trust deed.
(ii) After a trustee withdraws under this part, only a qualified successor trustee appointed by the
beneficiary under Section 57-1-22 may exercise trustee powers, including the power of sale.
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