PUBLIC TRUSTEE ACT 1995 - SECT 54

PUBLIC TRUSTEE ACT 1995 - SECT 54

54—Indemnity to persons having dealings with Public Trustee

        (1)         No person entering into a transaction with the Public Trustee for which the authority of the Court is required is bound or entitled to require evidence that the authority has been given further than the order or an office copy of the order giving the authority.

        (2)         The order or office copy is, so far as all persons entering into any such transaction with the Public Trustee are concerned, conclusive evidence of the regularity of the transaction on the part of the Public Trustee.

        (3)         The receipts in writing of the Public Trustee for money payable under this Act are a sufficient discharge for the money to the persons paying it and they will not afterwards be liable for any misapplication of the money.