(1) A notice required by Subsection 22-3-303(2)(b) must be sent in a manner authorized under Section 75-7-109 to: (a) the qualified beneficiaries determined under Subsection 75-7-103(1)(h); and (b) each person that is granted a power over the trust by the terms of the trust, to the extent the power is exercisable when the person is not then serving as a trustee: (i) including a: (A) power over the investment, management, or distribution of trust property or other matters of trust administration; and (B) power to appoint or remove a trustee or person described in this subsection; and (ii) excluding a: (A) power of appointment; (B) power of a beneficiary over the trust, to the extent the exercise or nonexercise of the power affects the beneficial interest of the beneficiary or another beneficiary represented by the beneficiary under Sections 75-7-301 through 75-7-305 with respect to the exercise or nonexercise of the power; and (C) power over the trust if the terms of the trust provide that the power is held in a nonfiduciary capacity and the power must be held in a nonfiduciary capacity to achieve a tax objective under the Internal Revenue Code.

(a) the qualified beneficiaries determined under Subsection 75-7-103(1)(h); and

(b) each person that is granted a power over the trust by the terms of the trust, to the extent the power is exercisable when the person is not then serving as a trustee: (i) including a: (A) power over the investment, management, or distribution of trust property or other matters of trust administration; and (B) power to appoint or remove a trustee or person described in this subsection; and (ii) excluding a: (A) power of appointment; (B) power of a beneficiary over the trust, to the extent the exercise or nonexercise of the power affects the beneficial interest of the beneficiary or another beneficiary represented by the beneficiary under Sections 75-7-301 through 75-7-305 with respect to the exercise or nonexercise of the power; and (C) power over the trust if the terms of the trust provide that the power is held in a nonfiduciary capacity and the power must be held in a nonfiduciary capacity to achieve a tax objective under the Internal Revenue Code.

(i) including a: (A) power over the investment, management, or distribution of trust property or other matters of trust administration; and (B) power to appoint or remove a trustee or person described in this subsection; and

(A) power over the investment, management, or distribution of trust property or other matters of trust administration; and

(B) power to appoint or remove a trustee or person described in this subsection; and

(ii) excluding a: (A) power of appointment; (B) power of a beneficiary over the trust, to the extent the exercise or nonexercise of the power affects the beneficial interest of the beneficiary or another beneficiary represented by the beneficiary under Sections 75-7-301 through 75-7-305 with respect to the exercise or nonexercise of the power; and (C) power over the trust if the terms of the trust provide that the power is held in a nonfiduciary capacity and the power must be held in a nonfiduciary capacity to achieve a tax objective under the Internal Revenue Code.

(A) power of appointment;

(B) power of a beneficiary over the trust, to the extent the exercise or nonexercise of the power affects the beneficial interest of the beneficiary or another beneficiary represented by the beneficiary under Sections 75-7-301 through 75-7-305 with respect to the exercise or nonexercise of the power; and

(C) power over the trust if the terms of the trust provide that the power is held in a nonfiduciary capacity and the power must be held in a nonfiduciary capacity to achieve a tax objective under the Internal Revenue Code.

(2) The representation provisions of Sections 75-7-301 through 75-7-305 apply to notice under this section.

(3) (a) A person may consent in a record at any time to action proposed under Subsection 22-3-303(2)(b). (b) A notice required by Subsection 22-3-303(2)(b) need not be sent to a person that consents under this subsection.

(a) A person may consent in a record at any time to action proposed under Subsection 22-3-303(2)(b).

(b) A notice required by Subsection 22-3-303(2)(b) need not be sent to a person that consents under this subsection.

(4) A notice required by Subsection 22-3-303(2)(b) must include: (a) the action proposed under Subsection 22-3-303(2)(b); (b) for a conversion of an income trust to a unitrust, a copy of the unitrust policy adopted under Subsection 22-3-303(1)(a); (c) for a change in the percentage or method used to calculate the unitrust amount, a copy of the unitrust policy or amendment or replacement of the unitrust policy adopted under Subsection 22-3-303(1)(b); (d) a statement that the person to which the notice is sent may object to the proposed action by stating in a record the basis for the objection and sending or delivering the record to the fiduciary; (e) the date by which an objection under Subsection (4)(d) must be received by the fiduciary, which must be at least 30 days after the date the notice is sent; (f) the date on which the action is proposed to be taken and the date on which the action is proposed to take effect; (g) the name and contact information of the fiduciary; and (h) the name and contact information of a person that may be contacted for additional information.

(a) the action proposed under Subsection 22-3-303(2)(b);

(b) for a conversion of an income trust to a unitrust, a copy of the unitrust policy adopted under Subsection 22-3-303(1)(a);

(c) for a change in the percentage or method used to calculate the unitrust amount, a copy of the unitrust policy or amendment or replacement of the unitrust policy adopted under Subsection 22-3-303(1)(b);

(d) a statement that the person to which the notice is sent may object to the proposed action by stating in a record the basis for the objection and sending or delivering the record to the fiduciary;

(e) the date by which an objection under Subsection (4)(d) must be received by the fiduciary, which must be at least 30 days after the date the notice is sent;

(f) the date on which the action is proposed to be taken and the date on which the action is proposed to take effect;

(g) the name and contact information of the fiduciary; and

(h) the name and contact information of a person that may be contacted for additional information.