Documents concerning personal estate executed by majority sufficient
7 Documents concerning personal estate executed by majority sufficient
The signatures of the majority of the trustees for the time being in whom are vested any lands mortgaged to such trustees, or in whose names are invested any moneys in debentures, stock, treasury bills or other securities of this State or of the Commonwealth, or in debentures or other securities of a statutory body within the meaning of the Statutory Bodies Financial Arrangements Act 1982 or in any financial institution or company, to any release or transfer shall be sufficient to reconvey, release, or transfer respectively, the estate of all the trustees therein in the same manner as if such documents had been signed by the whole of such trustees.
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