Section 7Part 1 — Trusts Act
Evidence as to a vacancy in a trust
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A statement, contained in any instrument coming into operation after the commencement date by which a new trustee is appointed for any purpose connected with land, to the effect that a trustee has remained out of the Islands for more than twelve months, refuses, is unfit to act or is incapable of acting, or that that person is not entitled to a beneficial interest in the trust property in possession, shall, in favour of a purchaser of a legal estate, be conclusive evidence of the matter stated.
In favour of such purchaser any appointment of a new trustee depending on that statement, and any vesting declaration express or implied, consequent on the appointment, shall be valid.