CAP. 29]
[s. 27 cont.]
Trustee.
donor were alive and of full capacity, and had himself done such act or executed such instrument, unless such person had actual notice that the power had never come into operation or of the revocation of the power before such act was done or instrument executed.
(8) For the purpose of executing or exercising the trusts or powers delegated to him, the donee may exercise any of the powers conferred on the donor as trustee by statute or by the instrument creating the trust, including power, for the purpose of the transfer of any inscribed stock, himself to delegate to an attorney power to transfer but not including the power of delegation conferred by this section.
(9) The fact that it appears from any power of attorney given under this section, or from any evidence required for the purposes of any such power of attorney or otherwise, that in dealing with any stock the donee of the power is acting in the execution of a trust shall not be deemed for any purpose to affect any person in whose books the stock is inscribed or registered with any notice of the trust.
Protection against liability in respect of rents and covenants. 15 Geo. 5. c. 19, s. 26.
Indemnities.
28. (1) Where a personal representative or trustee liable as such for-
(a) any rent, covenant, or agreement reserved by or contained in any lease; or
(b) any rent, covenant or agreement payable under or contained in any grant made in consideration of a rentcharge; or
(c) any indemnity given in respect of any rent, covenant or agreement referred to in either of the foregoing paragraphs;
satisfies all liabilities under the lease or grant which may have accrued, and been claimed, up to the date of the conveyance hereinafter mentioned, and, where necessary, sets apart a sufficient fund to answer any future claim that may be made in respect of any fixed and ascertained sum which the lessee or grantee agreed to lay out on the property demised or granted, although the period for laying out the same may not have arrived, then and in any such case the personal representative or trustee may convey the property
478
CAP. 29]
[s. 27 cont.]
Trustee.
donor were alive and of full capacity, and had himself done such act or executed such instrument, unless such person had actual notice that the power had never come into opera- tion or of the revocation of the power before such act was done or instrument executed.
(8) For the purpose of executing or exercising the trusts or powers delegated to him, the donee may exercise any of the powers conferred on the donor as trustee by statute or by the instrument creating the trust, including power, for the purpose of the transfer of any inscribed stock, himself to delegate to an attorney power to transfer but not including the power of delegation conferred by this section.
(9) The fact that it appears from any power of attor- ney given under this section, or from any evidence required for the purposes of any such power of attorney or other- wise, that in dealing with any stock the donee of the power is acting in the execution of a trust shall not be deemed for any purpose to affect any person in whose books the stock is inscribed or registered with any notice of the
trust.
Protection against liability in respect of rents and covenants. 15 Geo. 5. c. 19, s. 26.
Indemnities.
28. (1) Where a personal representative or trustee liable as such for-
(a) any rent, covenant, or agreement reserved by or
contained in any lease; or
(b) any rent, covenant or agreement payable under or contained in any grant made in consideration of a rentcharge; or
(c) any indemnity given in respect of any rent, covenant or agreement referred to in either of the foregoing paragraphs;
satisfies all liabilities under the lease or grant which may have accrued, and been claimed, up to the date of the con- veyance hereinafter mentioned, and, where necessary, sets apart a sufficient fund to answer any future claim that may be made in respect of any fixed and ascertained sum which the leasee or grantee agreed to lay out on the property demised or granted, although the period for laying out the same may not have arrived, then and in any such case the personal representative or trustee may convey the property
478
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