44: Power to several trustees of whom one disclaim or dies

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When an authority to deal with the trust property is given to several trustees and one of them disclaims or dies, the authority may be exercised by the continuing trustees, unless from the terms of the instrument of trust it is apparent that the authority is to be exercised by a number in excess of the number of the remaining trustees.

Effective date: 1882-03-01

Related sections

43: Power to compound, etc 45: Suspension of trustee's powers by decree 42: Power to give receipts 80: Where obligation in nature of trust is created 41: Power to apply property of minors, etc., for their maintenance, etc 81: Where it does not appear that transferor intended to dispose of beneficial interest

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