TRUSTEES.
No. 5 of 1901.
1351
(3) For the purposes of this section, "trustee" shall be deemed to include an executor or administrator and a trustee whose trust arises by construction or implication of law as well as an express trustee, but not the Official Trustee.
(4) The provisions of this section shall apply as well to several joint trustees as to a sole trustee.
(5) This section shall apply only to actions or other proceedings commenced on or after the 1st day of January, 1902, and shall not deprive any executor or administrator of any right or defence to which he is entitled under any existing statute of limitations.
56 & 57 Vict. c. 53, s. 49.
64. This Ordinance, and every order purporting to be made under this Ordinance, shall be a complete indemnity to any bank and to all persons for any acts done pursuant thereto; and it shall not be necessary for any bank or person to inquire concerning the propriety of the order or whether the court had jurisdiction to make the same.
[s. 65, rep. No. 1 of 1912.]
SCHEDULE
[s. 13.]
RULES RELATING TO THE SUMMARY ADMINISTRATION OF TRUST FUNDS.
1. Any trustee desiring to pay money to the account of, or to transfer or deposit shares, stock, or securities into or in the name of, the Official Trustee under the provisions of the Trustees Ordinance, 1901, relating to the summary administration of trust funds, shall file an affidavit setting forth-
(1) his own name and address;
(2) the place where he is to be served with any petition or any notice of any proceeding or order of the court, or of the judge in chambers, relating to the trust fund;
(3) the amount of money, shares, stock, or securities, which he proposes to pay or transfer into or deposit in court, to the credit of the trust;
(4) a short description of the trust and of the instrument creating it;
* As amended by Law Rev. Ord., 1924.