Table of Contents (Display details)

• Trustee 
• PART I Preliminary
  • 1 Short title
  • 2 Interpretation
• PART II Investments by Trustees
  • 3 Authorised investments
  • 4 Duties of trustees in choosing investments
  • 5 Power to retain investment which has ceased to be authorised
  • 6 Investment in bearer securities
  • 7 Loans and investments by trustees not chargeable as breaches of trust
  • 8 Liability for loss by reason of improper investment
  • 9 Powers supplementary to powers of investment
  • 10 Power to deposit money at bank and to pay calls
• PART III General Powers of Trustees and Personal Representatives
  • 11 Powers of trustees for sale to sell by auction etc.
  • 12 Trustee exercising power of sale shall have power to convey
  • 13 Application of money in hands of trustees for sale or having powers of sale or exchange
  • 14 Power of trustees of renewable leaseholds to renew and raise money for the purpose
  • 15 No sale or exchange to be made without requisite consent
  • 16 No rights other than those under the settlement to be affected
  • 17 Power to sell subject to depreciatory conditions
  • 18 Power of trustees to give receipts
  • 19 Power to compound liabilities
  • 20 Power to raise money by sale. mortgage etc.
  • 21 Protection to purchasers and mortgagees dealing with trustees
  • 22 Devolution of powers or trusts
  • 23 Power to insure
  • 24 Application of insurance money where policy kept up under any trust, power or obligation
  • 25 Deposit of documents for safe custody
  • 26 Reversionary interests, valuation and audit
  • 27 Power to employ agents
  • 28 Power to concur with others
  • 29 Power to delegate trusts during absence abroad
  • 30 Protection against liability in respect of rents and covenants
  • 31 Protection by means of advertisements
  • 32 Protection with respect to notice
  • 33 Exoneration of trustees in respect of certain powers of attorney
  • 34 Implied indemnity of trustees
  • 35 Power to apply income for maintenance and to accumulate surpus income during a minority
  • 36 Power of advancement
  • 37 Protective trusts
• PART IV Appointment and Discharge of Trustees
  • 38 Power of appointing new or additional trustees
  • 39 Supplemental provisions as to appointment
  • 40 Evidence as to a vacancy in a trust
  • 41 Retirement of trustee without a new appointment
  • 42 Vesting of trust property in new or continuing trustees
• PART V Powers of the Court
  • 43 Power of court to appoint new trustees
  • 44 Power of court to authorise remuneration
  • 45 Power of new trustee appointed by the court
  • 46 Vesting order of land
  • 47 Orders as to contingent rights of unborn persons
  • 48 Vesting order in place of conveyance or transfer by a mortgagee, who is a minor
  • 49 Vesting order in place of conveyance or transfer by personal representative of mortgagee
  • 50 Vesting order consequential on order for sale or mortgage of land
  • 51 Vesting order consequential on judgment for specific performance
  • 52 Effect of vesting order
  • 53 Power to appoint a person to convey or transfer
  • 54 Vesting orders as to stock and things in action
  • 55 Vesting orders of charity property
  • 56 Vesting orders in relation to minor’s beneficial interests
  • 57 Orders made upon certain allegations to be conclusive evidence
  • 58 Power of court to authorise transactions relating to trust property
  • 59 Jurisdiction of court to vary trusts
  • 60 Persons entitled to apply for orders
  • 61 Power to petition the court
  • 62 Hearing of petition
  • 63 Court may dismiss petition with or without costs
  • 64 Power to make an order in a cause
  • 65 Costs may be paid out of estate
  • 66 Commission concerning person’s state of mind
  • 67 Suit may be directed
  • 68 Power to give judgment in absence of a trustee
  • 69 Power to relieve trustee from personal liability
  • 70 Power to order beneficiary to indemnify for breach of trust
  • 71 Payment into court by trustees
  • 72 On petition the court may order the application of trust moneys or administration of the trust
  • 73 Chief Justice may make orders
  • 74 Trustee may apply to court for advice
  • 75 Petition for advice to be signed by attorney-at-law
• PART VI General Provisions
  • 76 Application of Act to trustees of settled land
  • 77 Indemnity to banks, companies and associations
  • 78 Application of Act