Public trustee may receive and hold moneys of person under a disability
44 Public trustee may receive and hold moneys of person under a disability
If any amount of money becomes payable to any person under a legal disability (whether such person is entitled thereto absolutely or is a beneficiary under a discretionary trust for the person’s benefit or the benefit of a number of persons) by the Crown or any person or instrumentality representing the Crown or out of any fund or money, including any provident, superannuation, or benefit fund, by any person or body who or which has control of such fund or moneys, such amount may be paid to the public trustee.
The receipt of the public trustee for such amount of money shall be a full discharge as to the amount paid, and such person, instrumentality or body so paying shall not thereafter be accountable therefor or be concerned to see to the application thereof.
The public trustee shall hold such amount of money on trust for the person under a legal disability.
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