Article 21
A person, who is a minor, who has become subject to the order of the commencement of guardianship or assistantship, or who is announced bankrupt, shall not be a trustee.

Article 45
A trustee’s service shall be terminated upon the adjudication of the trustee’s death, bankruptcy, or becoming a subject to the order of the commencement of guardianship or assistantship. The same shall apply upon the adjudication of dissolution, bankruptcy or the de-registration of the incorporation of the trustee which is a legal entity.
The third paragraph of Article 36 shall apply mutatis mutandis to the situation described in the preceding paragraph.
Until the new trustee takes over trust affairs, the inheritor, legal representative, administrator, receiver, guardian, or liquidator of the former trustee shall hold the trust property in custody and shall also take any measures whatsoever necessary for the trust duties to be transferred to the new trustee. The same shall apply to the legal entity which survives a merger with another legal entity or which is a new entity established upon the completion of the merger.

Article 53
A person, who is a minor, who has become subject to the order of the commencement of guardianship or assistantship, or who is announced bankrupt, shall not serve as a trust supervisor.

Article 86
The Act shall be effective as of the date of promulgation.
The provisions of this Law which were revised on December 15, 2009 shall take effect from the date of November 23, 2009.