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Trustee Act 1893
57Registration to vest estates in new trustees
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57 Registration to vest estates in new trustees
On the registration of any memorandum of the appointment of new
trustees, such trustees shall be deemed to be duly appointed, and
the trust estates held upon the trusts to which such new trustees
are appointed shall, without any conveyance, transfer, or
assignment, vest in the new trustees, either solely or jointly with the
old trustees, as the case may require, for all the estate and interest
of the old trustees therein, subject to the trusts affecting such trust
estates then subsisting, and capable of taking effect.