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TRUSTEE ACT 1936 - SECT 76

TRUSTEE ACT 1936 - SECT 76

76—Registration to vest estates in new trustees

On the registration of any memorandum of the appointment of new trustees, those trustees shall be deemed to be duly appointed, and the trust estates held upon the trusts to which such new trustees are appointed shall, without any conveyance, transfer, or assignment, vest in the new trustees, either solely or jointly with the old trustees, as the case may require, for all the estate and interest of the old trustees therein, subject to the trusts affecting such trust estates then subsisting, and capable of taking effect: Provided that—

            (a)         in order to affect any land not held under the provisions of the Real Property Act 1886 , the memorandum shall be registered in the General Registry Office:

            (b)         in order to affect any land held under the provisions of the Real Property Act 1886 , the memorandum shall be registered in the Lands Titles Registration Office, and the Registrar-General shall enter in the register book a memorial of such memorandum.