1180
[* Sic.]
[Official Trustee.]
ORDINANCE No. 7 OF 1873.
Property and Trustees Relief.
SCHEDULE.
RULES REFERRED TO IN SECTION 9.
1. Any trustee desiring to pay money to the account of, or transfer or deposit shares, stock, or securities into or in the name of the Official Trustee under the provisions of this Ordinance relating to the summary administration of trust funds, shall file an affidavit, entitled in the matter of the Ordinance and in the matter of the trust, and 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, 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.
(5.) The names of the persons interested in or entitled to the fund, to the best of the knowledge and belief of the trustee.
(6.) The submission of the trustee to answer all such inquiries relating to the application of the money, stock, or securities, paid in, transferred, or deposited, under the Act, as the Court or a Judge in Chambers may think proper to make or direct.
Payment, transfer, or deposit.
2. The Official Trustee on production of an office copy of the affidavit, shall give the necessary directions for payment, transfer, or deposit, and place the money, stock, or securities, to the account of the particular trust; and shall grant a certificate of such payment, transfer, or deposit.
Additional statement in affidavit, where investment not desired.
Investment by Registrar, where no such statement.
3. Where it is deemed unnecessary to have the money or the dividends or interest of shares, stock, or securities invested in the meantime, the affidavit shall further contain a statement to that effect. But where the affidavit contains no such statement, the Official Trustee shall be at liberty to invest, as soon as conveniently may be, the money paid into Court or the dividends or interest on shares, stock, or securities transferred, and all accumulations thereof in or upon such investments and securities as the Court shall direct or approve, and every such investment shall be made in the matter of the particular trust: Provided always, that where at any time a request in writing, by or on behalf of any party claiming to be entitled, that such investment may be discontinued, is left with the Official Trustee, he shall be at liberty to cease making any further investment in the matter of the particular trust until the Court shall have made some order in that behalf.
1180
[* Sic.]
[Official Trustee.]
ORDINANCE No. 7 OF 1873.
Property and Trustees Relief.
SCHEDULE.
RULES REFERRED TO IN SECTION 9.
1. Any trustee desiring to pay money to the account of, or transfer or deposit shares, stock, or securities into or in the name of the Official Trustee under the
pro- visions of this Ordinance relating to the summary administration of trust funds, shall file an affidavit, entitled in the matter of the Ordinance and in the matter of the trust, and 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, 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.. (5.) The names of the persons interested in or entitled to the fund, to the
best of the knowledge and belief of the trustee.
(6.) The submission of the trustee to answer all such inquiries relating to the application of the money, stock, or securities, paid in, transferred, or deposited, under the Act, as the Court or a Judge in Chambers may think proper to make or direct.
Payment, transfer, or deposit.
2. The Official Trustee on production of an office copy of the affidavit, shall give the necessary directions for payment, transfer, or deposit, and place the money, stock, or securities, to the account of the particular trust; and shall grant a certificate of such payment, transfer, or deposit.
Additional statement in affidavit, where investment not desired.
Investment by Registrar, where, no such statement.
3. Where it is deemed unnecessary to have the money or the dividends or interest of shares, stock, or securities invested in the meantime, the affidavit shall further contain a statement to that effect. But where the affidavit contains no such statement, the Official Trustee shall be at liberty to invest, as soon as conveniently may be, the money paid into Court or the dividends or interest on shares, stock, or securities transferred, and all accumulations thereof in or upon such investments and securities as the Court shall direct or approve, and every such investment shall be made in the matter of the particular trust: Provided always, that where at any time a request in writing, by or on behalf of any party claiming to be entitled, that such investment may be discontinued, is left with the Official Trustee, he shall be at liberty making any further investment in the matter of the particular trust until the Court shall have made some order in that behalf.
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