12Power of persons to appoint The Public Trustee to act as trustee, executor, &c.

12 Power of persons to appoint The Public Trustee to act as trustee, executor, &c.

(1)  Where any person or authority, within or without this State, now or hereafter has power to appoint a trustee, executor, administrator, guardian, committee, agent, attorney, or receiver, the Public Trustee may be so appointed.

(2)  The power to act as trustee shall include power to act as sole trustee for any of the purposes of the Settled Land Act 1884 .

(3)  *[Section 12 Subsection (3) amended by No. 3 of 1987, s. 5 ]**[Section 12 Subsection (3) amended by No. 20 of 1995, s. 3 and Sched. 1 ]*The power to act as agent or attorney includes the power so to act for the investment of money in the common fund or a group investment fund, for such period and on such terms and conditions as are agreed upon between the Public Trustee and the principal.

(4)  Save as is in this Act otherwise provided, the Public Trustee shall not accept any appointment jointly with any other person.