Section 20Part 0 —
When Grand Court may order dividends, etc., of securities to be paid
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When every person in whose name any part of the stocks, annuities and funds transferable, or which hereafter shall be made transferable, in any of the securities herein named, standing as a trustee of any such society, is absent, out of the jurisdiction or not amenable to process of the Grand Court, or is a bankrupt or of unsound mind, or it is uncertain or unknown whether such trustee is living or dead, a Judge may order that the proper officer of any savings bank or banking company in the Island transfer in the books of the said savings bank or banking company, such stock, annuities or funds standing into the name of such person as such society may appoint, and pay over to such person the dividends of such stocks, annuities or funds; and when one or more but not all of such trustees is absent, not amenable to such process, a bankrupt or of unsound mind, or it be uncertain or unknown whether any one or more but not all of such trustees is living or dead; then it shall be lawful for the Judge to order that the other trustees who shall be forthcoming, ready and qualified to act, to transfer such stock, annuities or funds to and into the name of such person, and also that such forthcoming trustee receive and pay over the dividends of such stock, annuities or funds, as such society shall direct; and all such transfers and payments so made are valid and effectual to all intents and purposes whatsoever.