Acts and Regulations

2015, c.21 - Trustees Act

Section 66
Disposition versions

Full text
Passing of accounts
66(1)On application by a qualified beneficiary or a trustee, the court may order that the trustees’ accounts be passed on a single occasion or at intervals.
66(2)The qualified beneficiary or trustee making an application under subsection (1) shall serve notice of the application on every qualified beneficiary, and on every trustee, who is not the applicant.
66(3)If a qualified beneficiary on whom a notice must be served under subsection (2) is a minor or incompetent and the parent or guardian or the representative of the qualified beneficiary is not present at the passing of accounts, the court may determine, at the passing of accounts or at a subsequent hearing, that the qualified beneficiary is to be or is deemed to have been represented by another person who, at the passing of accounts,
(a) is of full capacity,
(b) has a substantially similar interest in the trust property, and
(c) is not in a conflict of interest with the qualified beneficiary in relation to any aspect of the accounts.
2022, c.60, s.85
Passing of accounts
66(1)On application by a qualified beneficiary or a trustee, the court may order that the trustees’ accounts be passed on a single occasion or at intervals.
66(2)The qualified beneficiary or trustee making an application under subsection (1) shall serve notice of the application on every qualified beneficiary, and on every trustee, who is not the applicant.
66(3)If a qualified beneficiary on whom a notice must be served under subsection (2) is a minor or incompetent and the parent or guardian or the committee of the estate of the qualified beneficiary is not present at the passing of accounts, the court may determine, at the passing of accounts or at a subsequent hearing, that the qualified beneficiary is to be or is deemed to have been represented by another person who, at the passing of accounts,
(a) is of full capacity,
(b) has a substantially similar interest in the trust property, and
(c) is not in a conflict of interest with the qualified beneficiary in relation to any aspect of the accounts.
Passing of accounts
66(1)On application by a qualified beneficiary or a trustee, the court may order that the trustees’ accounts be passed on a single occasion or at intervals.
66(2)The qualified beneficiary or trustee making an application under subsection (1) shall serve notice of the application on every qualified beneficiary, and on every trustee, who is not the applicant.
66(3)If a qualified beneficiary on whom a notice must be served under subsection (2) is a minor or incompetent and the parent or guardian or the committee of the estate of the qualified beneficiary is not present at the passing of accounts, the court may determine, at the passing of accounts or at a subsequent hearing, that the qualified beneficiary is to be or is deemed to have been represented by another person who, at the passing of accounts,
(a) is of full capacity,
(b) has a substantially similar interest in the trust property, and
(c) is not in a conflict of interest with the qualified beneficiary in relation to any aspect of the accounts.