A bit confusing, but I know someone has the answer to this.

In the sentence below the word 'or' is a conjunction connecting two independent clauses. Is the word "except" referring to the first part of the sentence oronly to the clause starting "or upon change of a trustee..." ? Wouldn't there have to be a comma after the word "trustee" for the word "except" to apply to beginning of the sentence? Some are claiming that this sentence can mean: "A beneficiary is entitled to a trust accounting , except as provided under paragraph (c)". I disagree...they are adding a comma where there is none. What do you think?

A beneficiary is entitled to a trust accounting , as set forth in s. http://www.flsenate.gov/statutes/index.cfm?App_mode=Display_Statute&Search_String=&URL=Ch0737/Sec3035.HTM , annually and upon termination of the trust or upon change of the trustee except as provided under paragraph (c).