Lawgist12Executor or administrator may pay to Official Trustee legacy, share, etc., of minor or lunatic
(1) If any 1[minor] or lunatic is entitled to any gift, legacy or share of the assets of a deceased person, it shall be lawful for the person by whom such gift is made, or executor or administrator by whom such legacy or share is payable or transferable or any trustee of such gift, legacy or share, to transfer the same by an instrument in writing to the Official Trustee by that name or any other sufficient description with his consent:
Provided that the consent of the Official Trustee shall be recited in the said instrument and that such instrument shall be duly executed by the Official Trustee.
(2) Any money or property transferred to the Official Trustee under this section shall vest in him and shall be subject to the same provisions as arc contained in this Act as to other property vested in such Official Trustee.
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1. Subs. by Act 48 of 1964, s. 8, for "infant".
- 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
