76
CurrentAdministrator may employ agents
Part 6Estate administration
Division 2Functions of administrators
76 Administrator may employ agents
(1)
An administrator may, instead of acting personally, employ and pay an agent, whether a solicitor, accountant, bank, stockbroker or other person, to transact any business or do any act required to be transacted or done in the management or administration of the estate, including the receipt and payment of money, and the keeping and audit of accounts.
(2)
An administrator is not liable for any default on the part of an agent employed under subsection (1) in good faith and without negligence.
(3)
Nothing in this section affects section 50 of the Public Trustee Act 1941 4.
[Section 76 amended: No. 17 of 2014 s. 22(4).]
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