Trustee.
[CAP. 29
(by his official designation) or to deposit the same in his name in such bank as aforesaid in the matter of the particular trust (describing the same as aforesaid), in trust to attend the orders of the court.
69. Trustees, or the majority of trustees, in whom any land within the Colony is or becomes vested upon any trust, shall be at liberty, on filing such affidavit as aforesaid, to convey such land, with such consent and in accordance with such directions as aforesaid, to the Official Trustee, in trust to attend the orders of the court.
Conveyance of land in trust to Official Trustee. 10 & 11 Vict. c. 96, s. 1.
70. In every such case as aforesaid, the certificate of the Official Trustee for the moneys so paid, or of the transfer or deposit of such securities, or of the conveyance of such land shall be a sufficient discharge to such trustees or other persons for the moneys so paid, or the stocks or securities so transferred or deposited, or the land so conveyed as aforesaid.
71. (1) Where any moneys or securities, or any land, are or is vested in any persons as trustees, and the majority of them are desirous of paying, transferring, depositing, or conveying the same as aforesaid, but the concurrence of the other or others cannot be obtained, the court may order the payment, transfer, deposit, or conveyance to be made by the majority without the concurrence of the other or others; and where any such moneys or securities are deposited with any banker, broker, or other depositary, the court may order payment or delivery of the moneys or securities to the majority of the trustees for the purpose of payment into court.
(2) Every payment, transfer, deposit, delivery, and conveyance made in pursuance of any such order shall be valid and take effect as if the same had been made on the authority or by the act of all the persons entitled to the moneys, securities, or land so paid, transferred, deposited, delivered, or conveyed.
72. (1) Such orders as may seem fit shall be made by the court in respect of the trust estate and for the investment and payment of any such moneys or of any dividends or income thereof.
Order for payment, etc. by majority of trustees without concurrence of others. 56 & 57 Vict. c. 53, s. 42. Administration of trust estate. 10 & 11 Vict. c. 96, s. 2.
505
Trustee.
[CAP. 29
(by his official designation) or to deposit the same in his name in such bank as aforesaid in the matter of the parti- cular trust (describing the same as aforesaid), in trust to attend the orders of the court.
69. Trustees, or the májoity of trustees, in whom any land within the Colony is or becomes vested upon any trust, shall be at liberty, on filing such affidavit as aforesaid, to convey such land, with such consent and in accordance with such directions as aforesaid, to the Official Trustee, in trust to attend the orders of the court.
Conveyance trust to Trustee. c. 96, s. 1.
of land in
Official
10 & 11 Vict.
to be given
by Official 10 & 11 Vict.
Trustee.
c. 96, s. 1..
70. In every such case as aforesaid, the certificate of Certificate the Official Trustee for the moneys so paid, or of the transfer or deposit of such securities, or of the conveyance of such land shall be a sufficient discharge to such trustees or other persons for the moneys so paid, or the stocks or securities so transferred or deposited, or the land so conveyed as aforesaid.
71. (1) Where any moneys or securities, or any land, are or is vested in any persons as trustees, and the majority of them are desirous of paying, transferring, depositing, or conveying the same as aforesaid, but the concurrence of the other or others cannot be obtained, the court may order the payment, transfer, deposit, or conveyance to be made by the majority without the concurrence of the other or others; and where any such moneys or securities are deposited with any banker, broker, or other depositary, the court may order payment or delivery of the moneys or securities to the majority of the trustees for the purpose of payment into
court.
(2) Every payment, transfer, deposit, delivery, and conveyance made in pursuance of any such order shall be valid and take effect as if the same had been made on the authority or by the act of all the persons entitled to the moneys, securities, or land so paid, transferred, deposited, delivered, or conveyed.
72. (1) Such orders as may seem fit shall be made by the court in respect of the trust estate and for the investment and payment of any such moneys or of any dividends or
payment,
Order for etc. by of trustees concurrence 56 & 57 Vict.
majority
without
of others.
c. 53, s. 42.
Administra- estate.
tion of trust
10 & 11 Vict. c. 96, s. 2.
505
No comments yet.
Private notes are available after approval.