Interest of trustees in personalty to pass to new trustees without transfer
11 Interest of trustees in personalty to pass to new trustees without transfer
On the insertion as aforesaid in the said register of trustees of the name or names of any new trustee or trustees of any personal property, moneys, or securities for money held subject to this Act, the estate in such property, money, or securities of the trustee or trustees in whose place such new trustee or new trustees shall be appointed shall forthwith vest in such new trustee or trustees solely or jointly, as the case may be, with the old continuing trustee or trustees (if any) for the same estate or interest as the former trustee or trustees had therein, and subject to the same trusts, without any transfer or assignment whatsoever.
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