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PUBLIC TRUSTEE ACT 1995 - SECT 14

PUBLIC TRUSTEE ACT 1995 - SECT 14

14—Appointment as executor or trustee

        (1)         A person may appoint the Public Trustee, either solely or jointly with another person or persons, to be executor or trustee of his or her will or to be trustee of a settlement or other disposition of trust property made by the person.

        (2)         The Public Trustee must accept such an appointment unless granted permission to refuse by the Court on the ground that the nature of the trusts and the duties to be performed make it undesirable that the Public Trustee should act.

        (3)         If the Court grants permission, it may make such other provision as may be appropriate in the circumstances for the administration of the estate or trust property.

        (4)         If the Public Trustee is appointed executor or trustee jointly with another person, the Public Trustee has sole authority—

            (a)         to receive money and hold money on account of the estate or trust; and

            (b)         to give valid receipts for money paid to the estate or trust; and

            (c)         to make payments from the estate or trust.