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<p class="MsoNormal"><span style="font-family:"Verdana",sans-serif;color:#002060">Most sales of real property by a trust require the Trustee to give notice. The requirement for the Trustee to give notice should not be an unreasonable burden.
<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal" style="margin-left:.25in;background:white"><span style="font-size:10.0pt;font-family:"Times New Roman",serif;color:#002060">(2) A "significant nonroutine transaction" for the purpose of this section is defined as any of the following:<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:.25in;background:white"><span style="font-size:10.0pt;font-family:"Times New Roman",serif;color:#002060">(a)
<span style="background:yellow;mso-highlight:yellow">Any sale</span>, option, lease, or other agreement, binding for a period of ten years or more, dealing with any interest
<span style="background:yellow;mso-highlight:yellow">in real estate</span> other than real estate purchased by the trustee or a vendor's interest in a real estate contract,
<span style="background:yellow;mso-highlight:yellow">the value of which constitutes twenty-five percent or more of the net fair market value of trust principal at the time of the transaction</span><o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-family:"Verdana",sans-serif;color:#002060">The title companies will require proof sufficient to satisfy (7) to protect the insured purchaser.<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.0pt;font-family:"Times New Roman",serif;color:black;background:white">(7) Any person dealing with a trustee may rely upon the trustee's written statement that the requirements of this section
have been met for a particular transaction. If a trustee gives such a statement, the transaction shall be final unless the party relying on the statement has actual knowledge that the requirements of this section have not been met.</span><span style="font-size:10.0pt;font-family:"Times New Roman",serif"><o:p></o:p></span></p>
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