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.