46
CAP. 29]
Trustee
[1985 Ed.
Trust company may act as executor.
Trust company to apply for probate or administration.
business which a trust company 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:
(p) to carry out all or any of the objects aforesaid either within or outside the Colony and by or through trustees, agents or otherwise and either alone or in conjunction with others. (Added, 48 of 1968, s. 4)
(Amended, 24 of 1950, Schedule)
(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).
(4) For the avoidance of doubt it is hereby declared that nothing in subsection (1) shall be construed so as to restrict, or at any time to have restricted, a trust company to carrying out its objects within the Colony only. (Added, 48 of 1968, s. 4)
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. (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 of letters of administration with the will annexed of the estate of such testator, and such grant may be made to the company upon its own application.
46
CAP. 29]
Trustee
[1985 Ed.
Trust company may act as
executor.
Trust company to apply for probate or administration.
business which a trust company 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;
(0) to do all such other things as are incidental or conductive to the attainment of the beforementioned objects or any of them:
(p) to carry out all or any of the objects aforesaid either within or outside the Colony and by or through trustees, agents or otherwise and either alone or in conjunction with others. (Added, 48 of 1968, s. 4)
( Amended, 24 of 1950, Schedule)
(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).
(4) For the avoidance of doubt it is hereby declared that nothing in subsection (1) shall be construed so as to restrict, or at any time to have restricted, a trust company to carrying out its objects within the Colony only. (Added, 48 of 1968, s. 4)
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. (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 notwith- standing 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 of letters of administration with the will annexed of the estate of such testator, and such grant may be made to the company upon its own
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