NSW TRUSTEE AND GUARDIAN ACT 2009 - SECT 34 Proceeds of sale of goods of third person
NSW TRUSTEE AND GUARDIAN ACT 2009 - SECT 34
Proceeds of sale of goods of third person34 Proceeds of sale of goods of third person
(cf PT Act, s 47)
(1) If the NSW Trustee disposes of goods of a person other than a person for whom the NSW Trustee is acting in a trust capacity, the NSW Trustee must pay the proceeds of any such sale to the person on proof of ownership.
(2) The NSW Trustee is not liable to pay the proceeds of the sale to any such person if the proceeds have, in good faith and without notice of the person's interest in the goods, been applied to the debts of the deceased person or in the course of the distribution or administration of the estate of the deceased person.