Libraries Act 1984
17APower of Trust to authorize Public Trustee or trustee company as custodian trustee
Start here
Get a plain-English read of 17A
Turn the raw legal text into a practical explanation grounded in Libraries Act 1984.
17A Power of Trust to authorize Public Trustee or trustee company as custodian trustee
[Section 17A Inserted by No. 100 of 1986, s. 6 ]
(1) The Trust may, with the approval of the Minister, authorize The Public Trustee or a trustee company to hold any property of the Trust as a custodian trustee.
(2) The Public Trustee or a trustee company shall deal with any property of the Trust held by it as a custodian trustee pursuant to subsection (1) in accordance with the Trustee Companies Act 1953 but subject to such directions as the Trust may determine from time to time.
(3) *[Section 17A Subsection (3) amended by No. 20 of 1995, s. 5 and Sched. 3 ]*In this section –
The Public Trustee has the meaning assigned to that expression in the Public Trustee Act 1930 ;
trustee company has the meaning assigned to that expression in the Trustee Companies Act 1953 .