TRUSTEE ACT 1949 (REVISED 1978)

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1 PART I PRELIMINARY-1. Short title.

2 PART I PRELIMINARY-2. Application.

3 PART I PRELIMINARY-3. Interpretation.

4 PART II INVESTMENTS-4. Authorized investments.

5 PART II INVESTMENTS-5. Further powers of investment of trustees.

6 PART II INVESTMENTS-6. Duty of trustees in choosing investments.

7 PART II INVESTMENTS-7. Statutory powers of investment.

8 PART II INVESTMENTS-8. Purchase at premium of redeemable stocks; change of character of investments.

9 PART II INVESTMENTS-9. Discretion of trustees.

10 PART II INVESTMENTS-10. Power to retain investment which has ceased to be authorized.

11 PART II INVESTMENTS-11. Investment in bearer securities.

12 PART II INVESTMENTS-12. Loans and investments by trustees not chargeable as breaches of trust.

13 PART II INVESTMENTS-13. Liability for loss by reason of improper investment.

14 PART II INVESTMENTS-14. Powers supplementary to powers of investment.

15 PART II INVESTMENTS-15. Power to deposit at bank and to pay calls.

16 PART III GENERAL POWERS OF TRUSTEES AND PERSONAL REPRESENTATIVES GENERAL POWERS-16. Power of trustees for sale to sell by auction, etc.

17 PART III GENERAL POWERS OF TRUSTEES AND PERSONAL REPRESENTATIVES GENERAL POWERS-17. Power to sell subject to depreciatory conditions.

18 PART III GENERAL POWERS OF TRUSTEES AND PERSONAL REPRESENTATIVES GENERAL POWERS-18. Power of trustees to give receipts.

19 PART III GENERAL POWERS OF TRUSTEES AND PERSONAL REPRESENTATIVES GENERAL POWERS-19. Power to compound liabilities.

20 PART III GENERAL POWERS OF TRUSTEES AND PERSONAL REPRESENTATIVES GENERAL POWERS-20. Power of trustees of renewable leaseholds to renew and raise money for the purpose.

21 PART III GENERAL POWERS OF TRUSTEES AND PERSONAL REPRESENTATIVES GENERAL POWERS-21. Power to raise money by sale, charge, etc.

22 PART III GENERAL POWERS OF TRUSTEES AND PERSONAL REPRESENTATIVES GENERAL POWERS-22. Protection to purchasers and chargees dealing with trustees.

23 PART III GENERAL POWERS OF TRUSTEES AND PERSONAL REPRESENTATIVES GENERAL POWERS-23. Devolution of powers or trust.

24 PART III GENERAL POWERS OF TRUSTEES AND PERSONAL REPRESENTATIVES GENERAL POWERS-24. Power to insure.

25 PART III GENERAL POWERS OF TRUSTEES AND PERSONAL REPRESENTATIVES GENERAL POWERS-25. Application of insurance money where policy kept up under any trust, power or obligation.

26 PART III GENERAL POWERS OF TRUSTEES AND PERSONAL REPRESENTATIVES GENERAL POWERS-26. Deposit of documents for safe custody.

27 PART III GENERAL POWERS OF TRUSTEES AND PERSONAL REPRESENTATIVES GENERAL POWERS-27. Reversionary interests, valuations and audit.

28 PART III GENERAL POWERS OF TRUSTEES AND PERSONAL REPRESENTATIVES GENERAL POWERS-28. Power to employ agents.

29 PART III GENERAL POWERS OF TRUSTEES AND PERSONAL REPRESENTATIVES GENERAL POWERS-29. Power to concur with others.

30 PART III GENERAL POWERS OF TRUSTEES AND PERSONAL REPRESENTATIVES GENERAL POWERS-30. Power to delegate trusts during absence abroad.

31 INDEMNITIES-31. Protection against liability in respect of rents and covenants.

32 INDEMNITIES-32. Protection by means of advertisement.

33 INDEMNITIES-33. Protection in regard to notice.

34 INDEMNITIES-34. Exoneration of trustees in respect of certain powers of attorney.

35 INDEMNITIES-35. Implied indemnity of trustees.

36 MAINTENANCE, ADVANCEMENT AND PROTECTIVE TRUSTS-36. Power to apply income for maintenance and to accumulate surplus income during a minority.

37 MAINTENANCE, ADVANCEMENT AND PROTECTIVE TRUSTS-37. Power of advancement.

38 MAINTENANCE, ADVANCEMENT AND PROTECTIVE TRUSTS-38. Protective trusts.

39 PART IV APPOINTMENT AND DISCHARGE OF TRUSTEES-39. Limitation of the number of trustees.

40 PART IV APPOINTMENT AND DISCHARGE OF TRUSTEES-40. Power of appointing new or additional trustees.

41 PART IV APPOINTMENT AND DISCHARGE OF TRUSTEES-41. Supplemental provisions as to appointment of trustees.

42 PART IV APPOINTMENT AND DISCHARGE OF TRUSTEES-42. Evidence as to a vacancy in a trust.

43 PART IV APPOINTMENT AND DISCHARGE OF TRUSTEES-43. Retirement of trustee without a new appointment.

44 PART IV APPOINTMENT AND DISCHARGE OF TRUSTEES-44. Vesting of trust property in new or continuing trustees.

45 PART V POWERS OF THE COURT-45. Power of Court to appoint new trustees.

46 PART V POWERS OF THE COURT-46. Power to authorize remuneration.

47 PART V POWERS OF THE COURT-47. Powers of new trustee appointed by the Court.

48 VESTING ORDERS-48. Vesting orders of land.

49 VESTING ORDERS-49. Orders as to contingent rights of unborn persons.

50 VESTING ORDERS-50. Vesting order in place of conveyance by minor.

51 VESTING ORDERS-51. Vesting order consequential on order for sale of land.

52 VESTING ORDERS-52. Vesting order consequential on judgment for specific performance, etc.

53 VESTING ORDERS-53. Effect of vesting order.

54 VESTING ORDERS-54. Power to appoint person to convey.

55 VESTING ORDERS-55. Vesting orders as to stock and thing in action.

56 VESTING ORDERS-56. Vesting orders of charity or society property.

57 VESTING ORDERS-57. Vesting orders in relation to minor's beneficial interest.

58 VESTING ORDERS-58. Orders made upon certain allegations to be conclusive evidence.

59 JURISDICTION TO MAKE OTHER ORDER-59. Power of Court to authorize dealings with trust property.

60 JURISDICTION TO MAKE OTHER ORDER-60. Persons entitled to apply for orders.

61 JURISDICTION TO MAKE OTHER ORDER-61. Power to give judgment in absence of a trustee.

62 JURISDICTION TO MAKE OTHER ORDER-62. Power to charge costs on trust estate.

63 JURISDICTION TO MAKE OTHER ORDER-63. Power to relieve trustee from personal liability.

64 JURISDICTION TO MAKE OTHER ORDER-64. Power to make beneficiary indemnify for breach of trust.

65 PAYMENT INTO COURT-65. Payment into Court by trustees.

66 PART VI GENERAL PROVISIONS-66. Indemnity.

67 PART VI GENERAL PROVISIONS-67. Effect of order of Court.

68 PART VI GENERAL PROVISIONS-68. Validation of certain powers of trustees.

69 PART VI GENERAL PROVISIONS-69. Repeal.

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