Acts and Regulations

2015, c.21 - Trustees Act

Full text
Judicial trustee
14(1)In appointing a replacement or additional trustee under section 13, the court may do one or more of the following:
(a) appoint any person, including a court official, as a trustee;
(b) designate a person appointed under paragraph (a) as a judicial trustee;
(c) order that the judicial trustee is to act as a sole trustee, as a co-trustee or in place of all existing trustees.
14(2)A judicial trustee is an officer of the court.
14(3)The court may give directions to a judicial trustee in regard to the trust or the administration of the trust, with or without an application for directions under section 76 or 77.
14(4)The court may determine or provide for the compensation of a judicial trustee that is to be paid out of the trust property and designate all or part of the trust property as the source for the compensation.
Judicial trustee
14(1)In appointing a replacement or additional trustee under section 13, the court may do one or more of the following:
(a) appoint any person, including a court official, as a trustee;
(b) designate a person appointed under paragraph (a) as a judicial trustee;
(c) order that the judicial trustee is to act as a sole trustee, as a co-trustee or in place of all existing trustees.
14(2)A judicial trustee is an officer of the court.
14(3)The court may give directions to a judicial trustee in regard to the trust or the administration of the trust, with or without an application for directions under section 76 or 77.
14(4)The court may determine or provide for the compensation of a judicial trustee that is to be paid out of the trust property and designate all or part of the trust property as the source for the compensation.