New South Wales Consolidated Acts

TRUSTEE COMPANIES ACT 1964 - SECT 15AC

15AC Discovery of later will

(1) If, after an election takes effect under section 15A or 15AA, a later will, or a will, is found, the trustee company must file a notice to that effect in the registry of the Court.

(2) On filing the notice, the trustee company ceases to be the executor or administrator of the estate and may, if it is otherwise entitled to do so, obtain probate or administration in the ordinary manner or make a new election under section 15A or 15AA.

(3) If the trustee company does not obtain probate or letters of administration or make a new election, the Probate and Administration Act 1898 applies as if a grant of probate or administration to the trustee company had been revoked.