Lawgist11Power of private trustees 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 all the trustees or the surviving or continuing trustee or trustees and all persons beneficially interested in the trust arc desirous that the Official Trustee shall be appointed in the room of such trustee or trustees, it shall be lawful for such trustee or trustees, by an instrument in writing to appoint the Official Trustee by that name or any other sufficient description with his consent to be the trustee of such property:
Provided that the consent of the Official Trustee shall be recited in the said instrument and that such instrument shall be duly executed by him.
(2) Upon such appointment 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 appointment, and the previous trustee or trustees shall be exempt from all liability as trustees of such property save in respect of acts done before the date of such appointment.
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- 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
