Section 24   [ View Judgements ]

APPOINTMENT OF OFFICIAL TRUSTEE AS TRUSTEE OF ASSETS AFTER COMPLETION OF ADMINISTRATION


(1) When the Administrator-General has, so far as may be, discharged all the liabilities of an estate administered by him, he shall notify the fact in the Official Gazette, and he may, by an instrument in writing with the consent of the Official Trustee and subject to any rules made by the State Government, appoint the Official Trustee to be the trustee of any assets then remaining in his hands.

(2) Upon such appointment, such assets shall vest in the Official Trustee as if he had been appointed trustee in accordance with the provisions of the Official Trustees Act, 1913 (20 of 1913), and shall be held by him upon the same trusts as the same were held immediately before such appointment.

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