TRUSTEE COMPANIES ACT 1984 - SECT 14 Trustee company may be appointed trustee, receiver or guardian of estate
TRUSTEE COMPANIES ACT 1984 - SECT 14
Trustee company may be appointed trustee, receiver or guardian of estateS. 14(1) substituted by No. 59/1986 s. 143(2).
(1) Where a court, judge or other person has power to appoint a person as—
(a) trustee;
(b) guardian of a minor; or
(c) sole guarantor or surety for a person appointed as trustee or guardian—
a trustee company may be so appointed and may continue to act until removed from office.
S. 14(2) amended by Nos 59/1986
s. 143(2), 52/1998
s. 311(Sch. 1 item 99.1), 13/2019
s. 221(Sch. 1 item 56.1).
(2) Where a trustee company is appointed to an office referred to in subsection (1) or as an administrator under the Guardianship and Administration Act 2019 , the capital of the trustee company and all other assets of the trustee company shall be liable for the proper discharge of the duties committed to the trustee company and that liability shall be deemed sufficient security for the discharge of those duties in place of the bond required from private persons when appointed as trustee, guardian, administrator, guarantor or surety.
No. 6402 s. 12.