Vesting of trust property in the registered trustees for the time being
25 Vesting of trust property in the registered trustees for the time being
Upon the registration under this Part of the death or other cessation from office of any registered trustee of any registered trust, the property hereinafter mentioned, vested in such trustee upon such trust, or, in case he is dead, which was vested in him upon such trust at the time of his death, shall vest in the remaining registered trustees or trustee, or, in case there is no registered trustee, in the next trustee who may be registered, and upon such registration of any new trustee the property hereinafter mentioned vested in the other registered trustees or trustee shall vest in them or him jointly with such new trustee, that is to say all property that will pass by delivery merely of such property, or of any document of title relating thereto, or that is comprised in any document of title made expressly upon such trust, or upon which an acknowledgment in writing that the same is held upon such trust has been signed by the trustees named therein, or upon which any such memorandum as aforesaid that the premises comprised therein are held by the trustees for the time being of such trust has been made by the registrar and all property comprised in any document of title upon which any such memorandum as aforesaid that some part of the premises comprised therein is held by the trustees for the time being of such trust has been so made and signed and referred to in such memorandum as so held. And for the purposes of this section it shall be sufficient if any trust is described in any document of title memorandum or acknowledgment so as to identify it with the proper trust in the Register of Successory Trusts, and the registered trustees or trustee for the time being shall be empowered to do and suffer all acts matters and things with respect to any such property that any of their predecessors in office as such trustees might have done.
No. 3765 s. 26.
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