Official Trustees Act,1913

Act No : 2

---

Section : Executor or administrator may pay to Official Trustee legacy,share, etc., of minor of lunatic

12. Executor or administrator may pay to Official Trustee legacy,share, etc., of minor of lunatic.-(1) If any 2*[minor] or lunatic isentitled to any gift, legacy or share of the assets of a deceasedperson, it shall be lawful for the person by whom such gift is made,or executor or administrator by whom such legacy or share is payableor transferable or any trustee of such gift, legacy or share, totransfer the same by an instrument in writing to the Official Trusteeby that name or any other sufficient description with his consent: Provided that the consent of the Official Trustee shall berecited in the said instrument and that such instrument shall be dulyexecuted by the Official Trustee. (2) Any money or property transferred to the Official Trusteeunder this section shall vest in him and shall be subject to the sameprovisions as are contained in this Act as to other property vested insuch Official Trustee.---------------------------------------------------------------------1 The words "the Trustees' and Mortgagees' Powers Act, 1866, or"omitted by Act 48 of 1964, s. 7.2 Subs. by s. 8, ibid., for "infant".70

---

Read All Comments

Comments

Quick Links

• Recent Comments
• Recent Citations
• Bare Acts Alphabetically