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Section 94 Number of trustees to act.C1

(1)

Notwithstanding anything in this Act, capital money arising under this Act shall not be paid to fewer than two persons as trustees of a settlement, unless the trustee is a trust corporation.

(2)

Subject as aforesaid the provisions of this Act referring to the trustees of a settlement apply to the surviving or continuing trustees or trustee of the settlement for the time being.

Annotations

Modifications

C1

S. 94 saved by Trafalgar Estates Act 1947 (c. 34), s. 2(1)