1964_TRUSTEE_ORDINANCE — Page 7

6

CAP. 29]

Trustee

[1985 Ed.

way, and other corporeal hereditaments; also a rent and other incorporeal hereditaments, and an easement, right, privilege, or benefit in, over, or derived from land, or an undivided share in land; and in this definition "mines and minerals” includes any strata or seam of minerals or substances in or under any land, and powers of working and getting the same, and an undivided share thereof;

"lunatic" means any person who has been found by due course of law to be of unsound mind and incapable of managing his affairs;

"mortgage" and "mortgagee" include and relate to every estate and interest regarded in equity as merely a security for money, and every person deriving title under the original mortgagee; "pay" and "payment" as applied in relation to stocks and securities and in connexion with the expression "into court" include the deposit or transfer of the same in or into court;

"personal representative" means the executor, original or by repre- sentation, or administrator for the time being of a deceased person;

"person of unsound mind” means any person, not a minor, who not having been found to be a lunatic is incapable from infirmity of mind of managing his own affairs;

"possession" includes receipt of rents and profits or the right to receive the same, if any; and "possessed" applies to receipt of income of and to any vested estate less than a life interest in possession or in expectancy in any land;

"property" includes movable and immovable property, and any estate, share and interest in any property, movable or im- movable, and any debt, and any thing in action, and any other right or interest, whether in possession or not;

"rights" includes estates and interests;

"sale" includes an exchange;

"securities" includes stocks, funds and shares, and so far as relates to payments into court has the same meaning as in the enactments relating to funds in court and "securities payable to bearer" includes securities transferable by delivery or by delivery and endorsement;

"stock" includes fully paid up shares, and, so far as relates to vesting orders made by the court under this Ordinance, includes any fund, annuity, or security transferable in books kept by any corporation, company or society, or by instrument or transfer either alone or accompanied by other formalities, and any share or interest therein;

"transfer", in relation to stock or securities, includes the perform- ance and execution of every deed, power of attorney, act, and thing on the part of the transferor to effect and complete the title in the transferee;