May 26, 2004

The Honorable Michael E. Busch
Speaker of the House
State House
Annapolis, MD 21401

Dear Mr. Speaker:

In accordance with Article II, Section 17 of the Maryland Constitution, I have today vetoed House Bill 617 - Trusts - Termination by Corporate Fiduciary.

This bill alters from $50,000 to $100,000 the maximum amount of the fair market value of a trust, which a corporate fiduciary acting as a trustee, may terminate without an order of court. It repeals the registered mail option for sending specified notices and objections, and provides for the application of the Act.

Senate Bill 153, which was passed by the General Assembly and signed by me on May 11, 2004, accomplishes the same purpose. Therefore, it is not necessary for me to sign House Bill 617.

Very truly yours,
Robert L. Ehrlich, Jr.