Section 69Part 1 — Trusts Act
Payment into Court by trustees
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Trustees, or the majority of trustees, having in their hands or under their control money or securities belonging to a trust, may pay the same into Court; and the same shall, subject to rules of court, be dealt with according to the order of the Court.
The receipt or certificate of the proper officer shall be a sufficient discharge to trustees for the money or securities so paid into court.
Where money or securities are vested in any persons as trustees, and the majority are desirous of paying the same into court, but the concurrence of the other or others cannot be obtained, the Court may order the payment into court to be made by the majority without the concurrence of the other or others.
Where any such money or securities are deposited with any banker, broker or other depository, the Court may order payment or delivery of the money or securities to the majority of the trustees for the purpose of payment into court.
Every transfer, payment and delivery made in pursuance of any such order shall be valid and take effect as if the same had been made on the authority or by the act of all the persons entitled to the money and securities so transferred, paid or delivered. Charitable Purposes - Vesting 70. Real property transferred for religious, etc., purposes to vest in trustees and their successors 70 . (1) Wherever freehold, leasehold or other landed property has been or is acquired —
by any congregation or society of persons associated for religious purposes;
for the promotion of education;
for any charitable purpose or any purpose concerned with or dependant on charity;
as a chapel, meeting house or other place of religious worship;
as a burial-ground or cemetery;
as a hospital, poorhouse, asylum or other institution for a charitable purpose or any purpose concerned with or dependant on charity;
as a dwelling-house and glebe for the minister of such congregation;
as a school-house and schoolmaster ’ s house and grounds;
as a college, academy or seminary and grounds; or
as a hall or rooms for the meeting or transaction of the business of such congregation or society, or for the furtherance of its objects, and whenever the transfer, conveyance, assignment or other assurance of such property has been or may be taken to or in favour of a trustee or trustees, to be from time to time appointed, or of any party or parties named in such transfer, conveyance, assignment or other assurance, or subject to any trust for the congregation or society, or of the individuals composing the same, such transfer, conveyance, assignment or other assurance shall not only vest the freehold, leasehold or other property thereby conveyed or otherwise assured in the party or parties therein named, but shall also effectually vest such property in their successors in office for the time being, and the old continuing trustees, if any, jointly, or if there be no old continuing trustees, then wholly in such successors for the time being, who may be chosen and appointed in the manner provided or referred to in or by such transfer, conveyance, assignment or other assurance, or in any separate deed or instrument declaring the trusts thereof; or if no mode of appointment be therein prescribed or referred to, or if the power of appointment be lapsed, then in such manner as shall be agreed upon by such congregation or society, upon such or the like trusts, and with, under and subject to the same powers and provisions as are contained or referred to in such transfer, conveyance, assignment or other assurance, or in any such separate deed or instrument, or upon which such property is held; and that without the necessity of any transfer, assignment, conveyance or other assurance whatsoever, and whether such formality shall or shall not have been prescribed in the original transfer, conveyance, assignment or other assurance, or in any such separate deed or instrument as aforesaid. (2) Subsection (1) shall not invalidate the appointment of a new trustee or trustees, or the transfer or transmission of the legal estate in any such property in the manner provided by law. (3) For the purpose of preserving evidence thereof, every such choice and appointment of a new trustee or trustees shall be made to appear by some deed under the hand and seal of the chairperson for the time being of the meeting at which such choice and appointment shall be made, and shall be executed in the presence of such meeting, and attested by two or more witnesses, and in the Form in the Schedule, or as near thereto as the circumstances will allow; and the same shall be received as evidence in all courts and proceedings and in the Land Register in the same manner, and on the like proof, as other transfers, deeds and conveyances, and shall be evidence of the truth of the several matters and things therein contained; and the same may be proved, recorded or registered in like manner as other deeds and instruments and such record shall enjoy all the privileges by law attached to the other instruments registerable or recordable in the Land Register under the Registered Land Act (2018 Revision) .