TRUSTEE ACT 1925 - SECT 60
Distribution after notice
TRUSTEE ACT 1925 - SECT 60
Distribution after notice
60 Distribution after notice
(1) Where a trustee intends to convey or distribute any property to or among
the persons entitled thereto, the trustee may give notice in the manner and
form prescribed by rules of the Court of the intention so to convey or
distribute the property.
(4) At the expiration of the time fixed by the
notice the trustee may convey or distribute the property or any part thereof
to or among the persons entitled thereto, having regard only to the claims,
formal or otherwise, of which the trustee then had notice.
(5) If the notice
has been given the trustee shall not, as respects the property conveyed or
distributed, be liable to any person of whose claim the trustee has not had
notice at the time of the conveyance or distribution.
(6) Nothing in this
section shall prejudice the right of any person to follow the property, or any
property representing the same, into the hands of any person who may have
received the same.
(7) In relation to a conveyance or distribution of
property after the commencement of the Children (Equality of Status) Act 1976
, a trustee referred to in subsection (5) shall be deemed to have notice of
the claim of any person whose entitlement to the property or to any part of it
would have become apparent if the trustee had applied for and obtained a
certificate under section 50 of the Births, Deaths and Marriages Registration
Act 1995 .
(8) Validation A notice that satisfies this subsection is taken
for all purposes to be a notice that complies with this section (as in force
before or after the commencement of this subsection). A notice satisfies this
subsection if it is given--
(a) in the case of a trustee who is an executor or
administrator--in accordance with Rule 91 of Part 78 of the
Supreme Court Rules 1970 as in force on or after 13 January 1992, or
(b) in
any other case--in the manner provided for by this section as in force at any
time.
