TRUSTEES DELEGATION OF POWERS ACT 1915 - As at 23 July 1996 - Act 31 of 1915 TABLE OF PROVISIONS TABLE OF PROVISIONS 1–5. (Repealed) 6. Validation 7, 8. (Repealed) 9. Protection for banks, companies and others TRUSTEES DELEGATION OF POWERS ACT 1915 - LONG TITLE An Act to enable certain trustees, executors, and administrators to delegate their powers; to validate certain delegations and acts; and for purposes consequent thereon or incidental thereto. TRUSTEES DELEGATION OF POWERS ACT 1915 - SECT 6 Validation 6 Validation Every power of attorney or other delegation by deed executed before the coming into operation of this Act by a trustee residing out of or temporarily absent from New South Wales, or if residing therein about to depart therefrom, delegating to a person residing in New South Wales all or any of the powers, authorities, and discretions vested in such trustee, so far as such powers, authorities, and discretions affect or are capable of being exercised over such of the trust property as is situated in New South Wales, and every deed, act, matter, or thing heretofore or hereafter executed or done by virtue of such power of attorney or other delegation shall be deemed to have been and to be as good, valid, and effectual as if this Act had been in force at the time of the execution of such power of attorney or other delegation. TRUSTEES DELEGATION OF POWERS ACT 1915 - SECT 9 Protection for banks, companies and others 9 Protection for banks, companies and others (1) The fact that it appears from any power-of-attorney given under or validated by this Act or from any evidence required for the purposes of any such power-of-attorney or otherwise that in dealing with any stock or money in a bank, building society or credit union, the donee of the power is acting in the execution of a trust shall not be deemed for any purpose to affect any person in whose books the stock is inscribed or registered, or in whose hands the money is deposited, with any notice of the trust. (2) In this section the expression "stock" includes shares, and any fund, annuity, or security, transferable in books kept by any person or by any instrument of transfer, either alone or accompanied by other formalities, and any share or interest therein. TRUSTEES DELEGATION OF POWERS ACT 1915 - NOTES Reprint history (since 1972): Reprint No 1 27 March 1980 TRUSTEES DELEGATION OF POWERS ACT 1915 - NOTES Historical notes The following abbreviations are used in the Historical notes: ______________________________________________________________________ |______________________________________________________________________| |______________________________________________________________________| |______________________________________________________________________| |______________________________________________________________________| |______________________________________________________________________| |______________________________________________________________________| |______________________________________________________________________| See also Trustee Act 1925. Table of amending instrumentsTrustees Delegation of Powers Act 1915 No 31. Assented to 10.11.1915. This Act has been amended as follows: ____________________________________________________________________________ | | |Trustee Act 1925. Assented to 8.12.1925. | |1925|No 14| | |____________________________________________________________________________| | | |Financial Institutions (Miscellaneous Amendments) Act | | | |1996. Assented to 21.6.1996. | |1996|No 24| | | | |Date of commencement, 12.7.1996, sec 2 and GG No 84 of 12.7.1996,| |____________________________________________________________________________| Table of amendments ______________________________________ |______________________________________| |______________________________________|