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TERMINATION OF APPOINTMENTSA trustee may cease to hold office in the following ways:(a) Disclaimer: At any time before acceptance of the trusts.(b) Retirement : Either – 1. Under the trust instrument; or2. With the consent of all beneficiaries, being sui juris, or3. With the consent of the court; or4. By deed under S.40, provided that –
(c) Release and replacement: This may take place under S.37.
(d) Removal: The trustee may be removed by the court under its inherent power to protect beneficiaries, even though he may have committed no breach of trust.
(e) Discharge: The trustee is automatically discharged on completion of the trust.
(f) Death of trustees
On January 1, 2012, Osborn Company sold 12% bonds having a maturity value of $800,000 for $860,651.79, which provides the bondholders with a 10% yield. The bonds are dated January
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