CAP. 29]
[s. 81 cont.]
Trust company may act as executor. Trust company to apply for probate or administration. Trustee.
is authorized to carry on and in consideration for such acquisition to undertake all or any of the liabilities of such person or company and to issue shares to such person or company;
• (o) to do all such other things as are incidental or conducive to the attainment of the beforementioned objects or any of them.
(2) Nothing in this section shall be construed to authorize any trust company to engage in the business of banking or of insurance or the business of a deposit, provident or benefit society.
(3) No trust company shall carry on any business or execute any office other than the businesses or offices included in the objects set out in subsection (1).
[82
82. If at any time a trust company shall be appointed executor of the will of any testator, it shall be lawful for the company to apply to the court for probate of the will and if probate be granted, to exercise and discharge all the powers and duties of an executor.
[83
83. (1) If and whenever any person shall be entitled to apply for probate of the will of any testator without leave being reserved to any other person to apply for probate, it shall be lawful for such person, whether absent from the Colony or not, and notwithstanding the provisions of any other enactment, instead of himself applying for such probate, to authorize a trust company to apply to the court for a grant of administration with the will annexed of the estate of such testator, and such grant may be made to the trust company upon its own application, when so authorized, but the provisions of this section shall not apply to any case in which a will provides that a company shall not act as executor or in the trusts thereof.
(2) If and whenever any person shall be entitled to apply for letters of administration with the will of any testator annexed of the estate of such testator, it shall be lawful for such person, whether absent from the Colony or not, and notwithstanding the provisions of any other enactment, to authorize a trust company, either alone, or jointly with any other person, to apply to the court for a grant
512
CAP. 29]
[s. 81 cont.]
Trust
company
may act as
executor.
Trust company to apply for probate or adminis- tration.
Trustee.
is authorized to carry on and in consideration for such acquisition to undertake all or any of the. liabilities of such person or company and to issue shares to such person or company;
•
(o) to do all such other things as are incidental or conductive to the attainment of the beforementioned
objects or any of them.
(2) Nothing in this section shall be construed to authorize any trust company to engage in the business of banking or of insurance or the business of a deposit, pro- vident or benefit society.
(3) No trust company shall carry on any business or execute any office other than the businesses or offices included in the objects set out in subsection (1).
[82
82. If at any time a trust company shall be appointed executor of the will of any testator, it shall be lawful for the company to apply to the court for probate of the will and if probate be granted, to exercise and discharge all the powers and duties of an executor.
[83
83. (1) If and whenever any person shall be entitled to apply for probate of the will of any testator without leave being reserved to any other person to apply for probate, it shall be lawful for such person, whether absent from the Colony or not, and notwithstanding the provisions of any other enactment, instead of himself applying for such probate, to authorize a trust company to apply to the court for a grant of administration with the will annexed of the estate of such testator, and such grant may be made to the trust company upon its own application, when so authorized, but the provisions of this section shall not apply to any case in which a will provides that a company shall not act as executor or in the trusts thereof.
(2) If and whenever any person shall be entitled to apply for letters of administration with the will of any testator annexed of the estate of such testator, it shall be lawful for such person, whether absent from the Colony or not, and notwithstanding the provisions of any other enact- ment, to authorize a trust company, either alone, or jointly with any other person, to apply to the court for a grant
512
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