Acts and Regulations

2015, c.21 - Trustees Act

Section 48
Disposition versions

Full text
Payment or transfer in relation to minor or incompetent person
48If a minor or an incompetent person is entitled to trust money or trust securities, the trustees may pay the money to or transfer the securities
(a) to the parent or other guardian of the minor, as property of the minor, or
(b) if a representative has been appointed for the incompetent person, to the representative.
2022, c.60, s.85
Payment or transfer in relation to minor or incompetent person
48If a minor or an incompetent person is entitled to trust money or trust securities, the trustees may pay the money to or transfer the securities
(a) to the parent or other guardian of the minor, as property of the minor, or
(b) if a committee of the estate has been appointed for the incompetent person, to the committee of the estate.
Payment or transfer in relation to minor or incompetent person
48If a minor or an incompetent person is entitled to trust money or trust securities, the trustees may pay the money to or transfer the securities
(a) to the parent or other guardian of the minor, as property of the minor, or
(b) if a committee of the estate has been appointed for the incompetent person, to the committee of the estate.