Acts and Regulations

2015, c.21 - Trustees Act

Full text
Protection of purchaser
88(1)This section applies to a person who receives notice of the existence of a trust by reason only of the production or registration of a document evidencing
(a) an appointment of a trustee,
(b) a trustee ceasing to hold office, or
(c) a vesting of property in a trustee.
88(2)A person to whom this section applies may assume without inquiry that the current trustees possess and any former trustees possessed the powers they exercised or purported to exercise over the trust property.
Protection of purchaser
88(1)This section applies to a person who receives notice of the existence of a trust by reason only of the production or registration of a document evidencing
(a) an appointment of a trustee,
(b) a trustee ceasing to hold office, or
(c) a vesting of property in a trustee.
88(2)A person to whom this section applies may assume without inquiry that the current trustees possess and any former trustees possessed the powers they exercised or purported to exercise over the trust property.