A chose in action that is trust property vests in a successor trustee upon execution of the instrument of appointment under s 10(1) of the Trustees Act 1962 (WA) without compliance with s 20 of the Property Law Act 1969 (WA), because a chose in action is not property transferable 'only' in the manner directed by an Act of Parliament within the meaning of s 10(3)(b).
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