TRUSTEE ACT 1925 - SECT 61
Distribution where estate comprises leaseholds, and in certain other cases
TRUSTEE ACT 1925 - SECT 61
Distribution where estate comprises leaseholds, and in certain other cases
61 Distribution where estate comprises leaseholds, and in certain other cases
(1) Section 94 of the Probate and Administration Act 1898 shall apply to an
assignment or conveyance executed by a trustee and to the distribution of the
trust property in like manner as that section applies to an assignment or
conveyance by a legal representative and to the distribution of the estate of
a testator or intestate.
(2) Nothing in this section shall prejudice the
right of the lessor or grantor and the persons deriving title under the lessor
or grantor to follow the trust property into the hands of the persons amongst
whom the same may have been distributed.
(3) This section applies only to
assignments or conveyances executed after the commencement of this Act.
