Acts and Regulations

2015, c.21 - Trustees Act

Section 82
Disposition versions

Full text
Payment into court
82(1)The trustees may pay into or deposit in court trust money or trust securities.
82(2)If a trustee is not available to receive a payment or transfer of trust money or trust securities and to give a receipt for the trust money or trust securities, the court may order, on application by a person in possession or control of the trust money or trust securities, that the trust money or trust securities be paid into or deposited in court.
82(3)A receipt given by the proper officer of the court for any money or securities paid into or deposited in court under subsection (1) or (2) relieves the trustee or other person paying or depositing the money or securities from any further obligation relating to the money or securities.
82(4)The court may make any orders it considers necessary or appropriate regarding the trust money or trust securities paid into or deposited in court under subsection (1) or (2) and for the administration of the trust to which the money or securities are subject.
Payment into court
82(1)The trustees may pay into or deposit in court trust money or trust securities.
82(2)If a trustee is not available to receive a payment or transfer of trust money or trust securities and to give a receipt for the trust money or trust securities, the court may order, on application by a person in possession or control of the trust money or trust securities, that the trust money or trust securities be paid into or deposited in court.
82(3)A receipt given by the proper officer of the court for any money or securities paid into or deposited in court under subsection (1) or (2) relieves the trustee or other person paying or depositing the money or securities from any further obligation relating to the money or securities.
82(4)The court may make any orders it considers necessary or appropriate regarding the trust money or trust securities paid into or deposited in court under subsection (1) or (2) and for the administration of the trust to which the money or securities are subject.