38
CAP. 29]
Trustee
[1985 Ed.
Definitions.
1896 c. 35, s. 5.
Appointment of Official Trustee.
Payment of trust moneys into
bank to credit of Official Trustee. 1847 c. 96. s. 1: 1893 c. 53, s. 42.
(g) the classes of trusts in which officials of the court are not to be judicial trustees, or are to be so temporarily or conditionally;
(h) the procedure to be followed where the judicial trustee is
executor or administrator:
(i) preventing the employment by judicial trustees of other persons at the expense of the trust, except in cases of strict necessity;
(j) filing and auditing of the accounts of any trust of which a
judicial trustee has been appointed.
65. In this Part-
"official of the court" means the holder of such paid office in or
connected with the court as may be prescribed;
"prescribed" means prescribed by rules made under this Part.
PART VII
THE OFFICIAL TRUSTEE
66. (1) For the purpose of carrying into effect the provisions of this Part, it shall be lawful for the Governor to appoint a fit and proper person to be Official Trustee:
Provided that, until such appointment is made, the Registrar General shall ex officio exercise all the powers, privileges and discretions, and discharge the duties required to be performed by the Official Trustee under this Ordinance.
(2) The said office shall have perpetual succession, and all lands or any interest therein, and all moneys, stocks, and securities and land which may be vested in the Official Trustee under this Part shall be deemed to be vested in the Official Trustee for the time being, without any further transfer or conveyance.
67. (1) Trustees, or the majority of trustees, having in their hands or under their control any moneys belonging to any trust, shall be at liberty, on filing in the Registry of the court an affidavit shortly describing the instrument creating the trust, according to the best of their knowledge and belief, to pay the same, with the consent of the Official Trustee and in accordance with such directions as they may receive for the purpose from him, into the court; and the said trust moneys shall be paid through the Treasury into a bank authorized by the Governor on deposit bearing interest, or otherwise, to the account of the Official Trustee (by his official designation) in the matter of the particular trust (describing the same by the names of the parties, as accurately as may be, for the purpose of distinguishing it), in trust to attend the orders of the court.
38
CAP. 29]
Trustee
[1985 Ed.
Definitions.
1896 c. 35, s. 5.
Appointment of Official Trustee.
Payment of trust moneys into
bank to credit of Official Trustee. 1847 c. 96. s. 1: 1893 c. 53, s. 42.
(g) the classes of trusts in which officials of the court are not to be judicial trustees, or are to be so temporarily or conditionally;
(h) the procedure to be followed where the judicial trustee is
executor or administrator:
(i) preventing the employment by judicial trustees of other persons at the expense of the trust, except in cases of strict necessity;
(j) filing and auditing of the accounts of any trust of which a
judicial trustee has been appointed.
65. In this Part-
"official of the court" means the holder of such paid office in or
connected with the court as may be prescribed;
"prescribed" means prescribed by rules made under this Part.
PART VII
THE OFFICIAL TRUSTEE
66. (1) For the purpose of carrying into effect the provisions of this Part, it shall be lawful for the Governor to appoint a fit and proper person to be Official Trustee:
Provided that, until such appointment is made, the Registrar General shall ex officio exercise all the powers, privileges and discretions, and discharge the duties required to be performed by the Official Trustee under this Ordinance.
(2) The said office shall have perpetual succession, and all lands or any interest therein, and all moneys, stocks, and securities and land which may be vested in the Official Trustee under this Part shall be deemed to be vested in the Official Trustee for the time being, without any further transfer or conveyance.
67. (1) Trustees, or the majority of trustees, having in their hands or under their control any moneys belonging to any trust, shall be at liberty, on filing in the Registry of the court an affidavit shortly describing the instrument creating the trust, according to the best of their knowledge and belief, to pay the same, with the consent of the Official Trustee and in accordance with such directions as they may receive for the purpose from him, into the court; and the said trust moneys shall be paid through the Treasury into a bank. authorized by the Governor on deposit bearing interest, or other- wise, to the account of the Official Trustee (by his official designa- tion) in the matter of the particular trust (describing the same by the names of the parties, as accurately as may be, for the purpose of distinguishing it), in trust to attend the orders of the court.
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