CTHRepealedAct
Loan (Income Equalization Deposits) Act 1976
11Deposits on behalf of beneficiaries of trust estates
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11 Deposits on behalf of beneficiaries of trust estates
(1) A trustee of a trust estate may make a deposit in accordance with this Act on behalf of a beneficiary who is presently entitled to a share of the income of the trust estate but is under a legal disability at the time of the making of the deposit. (2) Except as provided by subsection (1), a trustee of a trust estate is not entitled to make a deposit on behalf of a beneficiary or otherwise in his capacity as a trustee.