Section 3 — Notes — Trustee Companies Act 1947 (Australian Capital Territory) — Barrister AI

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Section 3 — Notes — Trustee Companies Act 1947 (Australian Capital Territory) — Barrister AI

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s 1Name of Act s 2Dictionary s 3Notes s 4company may act as executor and obtain probate s 5Authorisation given to trustee company to act by person entitled to probate s 6Authorisation given to trustee company to act by 1 of several executors s 7Authorisation given to trustee company to act by person entitled to administration with will annexed s 8Authorisation given to trustee company to act by person entitled to administration on intestacy s 8ACapacity of trustee company to act s 9Court to act on affidavit of managing director or manager in applications for probate or administration s 10Assets of company to be liable for proper administration of estates s 11Company may be appointed trustee, receiver or guardian of estate s 12company may act under power of attorney by managing director, manager or 2 directors s 13company may be appointed to act as temporary executor or administrator s 14Executor or administrator may appoint company to discharge duties s 15Application for consent under s 14 s 16Managing director or manager may attend on behalf of company s 17Manager and directors personally responsible to court s 19Trustee company to be subject to same duties as individual s 19ACompany may hold property as joint tenant s 20Company may be removed from office by court and provisions for relief against company or directors s 23Voluntary winding-up of company or disposal of shares may be restrained by Supreme Court s 32Act not to preclude other companies from applying for similar powers to those given by this Act s 33Testators may appoint own lawyers s 34BTransfer determinations s 35Regulation-making power

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3 Notes

A note included in this Act is explanatory and is not part of this Act.

Note See the Legislation Act, s 127 (1), (4) and (5) for the legal status of notes.

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