8Property of trade union vested in trustees

8 Property of trade union vested in trustees

[Section 8 Amended by 25 Geo. V No. 78 ]

(1)  All real and personal estate whatsoever belonging to any trade union registered under this Act shall be vested in the trustees of the trade union appointed as provided by this Act for the use and benefit of such trade union and the members thereof, and the real or personal estate of any branch of a trade union shall be vested in the trustees of such branch, or of the trustees of the trade union if the rules of the trade union so provide, and be under the control of such trustees, their respective executors or administrators, according to their respective claims and interests.

(2)  Upon the death, resignation, or removal of any such trustees the same shall vest in the succeeding trustees for the same estate and interest as the former trustees had therein, and subject to the same trusts, without any conveyance or assignment or transfer.

(3)  *[Section 8 Subsection (3) amended by No. 19 of 1980, s. 171 and Sched. 1 ]*In case any such property be under the Land Titles Act 1980 , the trustees in whom the same is vested under the provisions of this Act shall be deemed the proprietors thereof within the meaning of that Act as if the names of such trustees appeared or were recorded as proprietors of that property in the Register kept under that Act.

(4)  In all actions, indictments, or summary proceedings touching or concerning any such property, the same shall be stated to be the property of the persons holding the said office of trustee in their proper names as trustees of such trade union without any further description.