49(1)Subject to subsection (3), if it is reasonable and prudent, trustees may appoint an agent, within or outside the province, as their delegate to exercise any power or perform any duty in the administration of the trust property.
49(2)Without limiting subsection (1), trustees may appoint an agent to do one or more of the following:
(a)
acquire, dispose of or enter into other transactions relating to the trust property;
(b)
execute documents; and
(c)
give a receipt for any money or other property received by the trustees.
49(3)The trustees may not appoint an agent to
(a)
exercise a discretion to distribute or transfer trust property to, or for the benefit of, a beneficiary of the trust, or
(b)
perform the duties of a trustee under section 51(1).
49(1)Subject to subsection (3), if it is reasonable and prudent, trustees may appoint an agent, within or outside the province, as their delegate to exercise any power or perform any duty in the administration of the trust property.
49(2)Without limiting subsection (1), trustees may appoint an agent to do one or more of the following:
(a)
acquire, dispose of or enter into other transactions relating to the trust property;
(b)
execute documents; and
(c)
give a receipt for any money or other property received by the trustees.
49(3)The trustees may not appoint an agent to
(a)
exercise a discretion to distribute or transfer trust property to, or for the benefit of, a beneficiary of the trust, or
(b)
perform the duties of a trustee under section 51(1).