255Management of land during childhood

255 Management of land during childhood (a) a beneficial interest in land is held in trust for a child; and (b) the trustees of the beneficial interest are— (i) if the settlement that created the interest appointed trustees of the interest—the trustees appointed; or (ii) if the settlement that created the interest did not appoint trustees of the interest but there are trustees of the settlement—the trustees of the settlement, unless the settlement or an order of the Supreme Court that appointed the trustees of the settlement or their predecessors in office provides otherwise; or (iii) in any other case—people appointed as trustees of the beneficial interest by the Supreme Court on the application of a litigation guardian of the child. Note Settlement is defined in s 200. (2) The trustees of the interest may take possession of, hold and manage the land for the child. (3) This section does not apply so far as a contrary intention appears from the settlement that created the beneficial interest of the child.