10BTrust may act as executor etc

10B Trust may act as executor etc

10B Trust may act as executor etc

(1) The Trust may, if it is otherwise competent so to do:

(a) apply for and obtain, or join in applying for and obtaining, probate of the will, or letters of administration of the estate, of a deceased person where the Presbyterian Church, or any congregation, activity, fund, service, institution or interest (whether within or without New South Wales) of or connected with the Presbyterian Church, is a beneficiary under the will or of the estate, or

(b) accept appointment, and act, as trustee or co-trustee under and in pursuance of any trust where the trust property is not vested in the Trust by this Act and the trust was created wholly or in part for the benefit of the Presbyterian Church or any congregation, activity, fund, service, institution or interest (whether within or without New South Wales) of or connected with the Presbyterian Church,

and may do all things necessary for the exercise or performance of its powers, authorities, duties or functions as executor, administrator or trustee, as the case may be.

(2) On behalf of the Trust, a member of the Trust or a person employed by the Trust may, if authorised by the Trust for the purpose, swear an affidavit, make a declaration or statement, give security and do any other act or thing that is, by any charter, Act or rule of court, required to be done by a person applying for or granted probate or letters of administration, or administering a trust, as the case may be.

(3) The Trust may:

(a) renounce executorship,

(b) decline to act as administrator of an estate,

(c) retire, or decline to act, as trustee of property (not being property vested in it by this Act).

s 10B: Ins 1969 No 51, sec 2.