Lawgist10Power of High Court to appoint Official Trustee to be trustee of property
(1) If any property is subject to a trust other than a trust which the Official Trustee is prohibited from accepting under the provisions of this Act, and there is no trustee within the local limits of the ordinary or extraordinary original civil jurisdiction of the High Court willing or capable to act in the trust, the High Court may on application make an order for the appointment of the Official Trustee by that name with his consent to be the trustee of such property.
(2) Upon such order such property shall vest in the Official Trustee and shall be held by him upon the same trusts as the same was held previously to such order, and the previous trustee or trustees (if any) shall be exempt from the liability as trustees of such property save in respect of acts done before the date of such order.
(3) Nothing in this section shall be deemed to affect the provisions of 1* * * the Indian Trusts Act, 1882 (2 of 1882).
Download our fully-offline, High speed android app.- Click here
1. The words and figures "the Trustees' and Mortgagees' Powers Act, 1866, or" omitted by Act 48 of 1964, s. 7.
- 7 General powers and duties of Official Trustee
- 8 Official Trustee may with consent be appointed trustee of settlement by grantor
- 9 Appointment of Official Trustee as trustee by will
- 10 Power of High Court to appoint Official Trustee to be trustee of property
- 11 Power of private trustees to appoint Official Trustee to be trustee of property
- 12 Executor or administrator may pay to Official Trustee legacy, share, etc., of minor or lunatic
- 13 Official Trustee not to be required to give bond or security
- 14 Entry of Official Trustee not to constitute notice of a trust
- 15 Liability of Government
- 16 Notice- of suit not required in certain cases
