18Registration of retirement of trustee

18 Registration of retirement of trustee

Whenever it is proved to the satisfaction of the Recorder that any registered trustee of any registered trust has in any manner, except by death, ceased to be a trustee, the Recorder shall register the cessation from office of such trustee by writing or causing to be written on the folium of the Register of Public Trusts relating to such trust, in the same line with the name of the trustee, in the column headed "cause of cessation from office of trustee" the word "retired", and in the column headed "date of cessation from office of trustee" the date of making the entry, and shall authenticate such entry by signing his name in the proper column; and, for the purpose of this section, any person shall be deemed to have ceased to be a trustee when all other matters necessary for his cessation from office have been accomplished notwithstanding that the trust property is still vested in him.