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What if the Trustee becomes insolvent?

insolvent Trustee
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What if the Trustee becomes insolvent?

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The assets of the Trust are safeguarded and held by Bank of New York as Trustee for the benefit of the respective shareholders and do not form part of the assets of Bank of New York. In the event of the liquidation of Bank of New York, the Sponsor has the right and obligation to appoint a replacement Trustee.

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