Power of trustee to pay moneys due to infants to Public Trustee
16 Power of trustee to pay moneys due to infants to Public Trustee
Any trustee may pay any moneys due to any infant to the Public Trustee, and, by writing, direct the Public Trustee to account to such infant according to the provisions of the trust instrument, and such writing shall vest in the Public Trustee all the powers of such trustee in regard to such moneys.
Such trustee shall furnish the Public Trustee with a copy of the trust instrument, and the Public Trustee shall act in accordance therewith.
The writing referred to in subsection (1) of this section shall contain a certificate by the trustee that the amount so paid as aforesaid is the whole amount to which the infant is entitled under the trust instrument, and the Public Trustee shall not be concerned to inquire as to the truth of the statements contained in such writing.
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