Acts and Regulations

2015, c.21 - Trustees Act

Section 77
Disposition versions

Full text
Order re distribution of trust property
77(1)On application by the trustees, the court may authorize the trustees to distribute trust property among the persons entitled to receive it, having regard only to
(a) the persons whom the trustees have been able to locate after making diligent efforts, and
(b) the claims or interests that the trustees have been able to determine after making diligent efforts.
77(2)In making an order under subsection (1), the court may give directions respecting the procedure to be followed by the trustees in relation to a distribution of the trust property, including, without limitation, directions concerning the notice that shall be given to persons who may have an interest in the distribution of the trust property.
77(3)An order under subsection (1) or a similar order under subsection 14(3) does not prejudice any right that a creditor or claimant may have to follow the trust property into the hands of a person who receives it.
Order re distribution of trust property
77(1)On application by the trustees, the court may authorize the trustees to distribute trust property among the persons entitled to receive it, having regard only to
(a) the persons whom the trustees have been able to locate after making diligent efforts, and
(b) the claims or interests that the trustees have been able to determine after making diligent efforts.
77(2)In making an order under subsection (1), the court may give directions respecting the procedure to be followed by the trustees in relation to a distribution of the trust property, including, without limitation, directions concerning the notice that shall be given to persons who may have an interest in the distribution of the trust property.
77(3)An order under subsection (1) or a similar order under subsection 14(3) does not prejudice any right that a creditor or claimant may have to follow the trust property into the hands of a person who receives it.