TRUSTEE COMPANIES ACT 1984 - SECT 25 Trustee company to be subject to same duties as individual
TRUSTEE COMPANIES ACT 1984 - SECT 25
Trustee company to be subject to same duties as individualS. 25(1) substituted by No. 59/1986 s. 143(2), amended by No. 41/2017 s. 27.
(1) Except as otherwise provided in this Act and subject to sections 65C and 65D of the Administration and Probate Act 1958 , where a trustee company has been or is appointed or has acted or acts in any office referred to in section 14, 16 or 17, the trustee company, in addition to the liabilities and restrictions imposed by this Act is subject to the same respective rights, duties and obligations to which any individual acting in any such capacity would be subject.
(2) Where an individual acting in any capacity referred to in subsection (1) would be liable to attachment, commitment, or to any process, the managers and directors of the trustee company shall, where the trustee company is acting in any such capacity, each be liable for any individual acts and not further or otherwise in person to attachment, commitment or other process.
No. 6402 s. 21.