New South Wales Consolidated Acts

TRUSTEE COMPANIES ACT 1964 - SECT 12

12 Property vested in trustee company and another as trustees to be held jointly

Where any property is vested in a trustee company and an individual or in a trustee company and another body corporate to the intent that they should hold the same jointly in any fiduciary capacity or as mortgagees they shall be deemed to be joint tenants thereof and not tenants in common unless otherwise expressly provided.