1322
No. 5 of 1901.
TRUSTEES:
(k) "Rights" includes estates and interests.
(l) "Securities" include stocks, funds, and shares, and, so far as relates to payments into court, include Imperial Government securities, and any security of any foreign state, any British possession, or any body corporate or company, or standing in books kept by any body corporate, company, or person in the United Kingdom or in this Colony, and all stocks, funds, and effects.
(m) "Stock" includes fully paid up shares; and, so far as relates to vesting orders made by the court under this Ordinance, includes any fund, annuity, or security transferable in books kept by any company or society, or by instrument of transfer, either alone or accompanied by other formalities, and any share or interest therein.
(n) "Transfer", in relation to stock, includes the performance and execution of every deed, power of attorney, act, and thing on the part of the transferor to effect and complete the title in the transferee.
(o) "Trust" does not include the duties incident to an estate conveyed by way of mortgage; but with this exception "trust" and "trustee" include implied and constructive trusts, and cases where the trustee has a beneficial interest in the trust property, and the duties incident to the office of personal representative of a deceased person.
Appointment of Official Trustee.
PART I.
THE OFFICIAL TRUSTEE.
3.-(1) For the purpose of carrying into effect the provisions of this Part, it shall be lawful for the Governor to appoint a fit and proper person to be Official Trustee.
(2) The said office shall have perpetual succession, and all lands or any interest therein, and all moneys, stocks, and securities and land which may be vested in the Official Trustee under this Part shall be deemed to be vested in the Official Trustee for the time being, without any further transfer or conveyance.