1985 Ed.]
Trustee
CHAPTER 29
TRUSTEE
[CAP. 29
5
To amend the law relating to trustees.
(27 July 1934.]
Originally 18 of 1934. (Cap. 29, 1950.)
17 of 1939. 9 of 1950. 12 of 1950. 24 of 1950.
31 of 1965.
48 of 1968.
84 of 1970. L.N. 176/70. L.N. 195/70.
27 of 1971.
276 1986
to of 1989
34 1990
71 of 1971.
S1 of 1972.
72 of 1973.
23 of 1975.
36 of 1975.
90 of 1975. L.N. 313/76. L.N. 16/77. L.N. 7/79.
2 of 1983. L.N. 28/84. 62 of 1984.
27 of 1985.
PART I
PRELIMINARY
1. This Ordinance may be cited as the Trustee Ordinance.
2. In this Ordinance, unless the context otherwise requires-
“authorized investments" means investments authorized by the instrument, if any, creating the trust for the investment of money subject to the trust, or by law;
“contingent_right" as applied to land includes a contingent or executory interest, a possibility coupled with an interest, whether the object of the gift or limitation of the interest or possibility is or is not ascertained, also a right of entry, whether immediate or future, and whether vested or contingent;
"convey" and "conveyance” as applied to any person include the execution by that person of every necessary or suitable assurance (including an assent) for conveying, assigning, appointing, surrendering, or otherwise transferring or disposing of land whereof he is seised or possessed, or wherein he is entitled to a contingent right, either for his whole estate or for any less estate, together with the performance of all formalities required by law for the validity of the conveyance;
"income" includes rents and profits;
"instrument" includes enactment;
"land" includes land of any tenure, and mines and minerals, whether or not severed from the surface, buildings or parts of buildings, whether the division is horizontal, vertical or made in any other way;
Short title.
Interpretation. [cf. 1925 c. 19. s. 68.]