16Court may appoint trustees for settlements for the benefit of minors in certain cases

16 Court may appoint trustees for settlements for the benefit of minors in certain cases

16 Court may appoint trustees for settlements for the benefit of minors in certain cases

(1) Whenever a verdict is recovered or a judgment entered for any amount as damages in any action or other proceedings for tort brought by or on behalf of a minor, the Court may order that a settlement of the same shall be made for the benefit of the minor, and may appoint a trustee or trustees for such settlement.

(2) The terms of such settlement shall be fixed by the Court, or subject to its approval by some officer of the Court appointed so to do.

(3) This power shall extend to the District Court as well as the Supreme Court.

s 16: Am 1970 No 52, Second Sch (am 1972 No 41, Second Sch); 1970 No 60, First Sch; 1984 No 153, Sch 16.