NTIn ForceAct
Trustee Act 1893
38Vesting order as to stock in cases of lunatic or infant
Start here
Get a plain-English read of 38
Turn the raw legal text into a practical explanation grounded in Trustee Act 1893.
38 Vesting order as to stock in cases of lunatic or infant
mortgagee
Where a person entitled alone or jointly with another person to
stock or a chose in action by way of security for money is a lunatic,
or a person of unsound mind, or an infant, the Supreme Court may
make an order vesting the right to transfer, or call for a transfer of
the stock, or receive the dividends or income thereof, or to sue for
or recover the chose in action in like manner as in the case of a
trustee who is a lunatic, a person of unsound mind, or an infant.