QLDIn ForceAct
Trustee Companies Act 1968
sec.35Shares of infants during infancy
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### sec.35 Shares of infants during infancy
Where under any will or estate committed to a trustee company, a legacy or share of such estate is payable to an infant, then the trustee company shall (subject to the terms of any will or trust instrument) hold that legacy or share as trustee for the infant until such infancy ceases whereupon it shall account to the infant in terms of the will or trust instrument (if any).
Without prejudice to the liability of the trustee company to account as provided in subsection (1) for such legacy or share when infancy ceases, a certificate under the hand of an officer of the trustee company that such legacy or share is so held in terms of this section shall be deemed a proper discharge therefor for all purposes and rules of law.
(sec.35-ssec.1) Where under any will or estate committed to a trustee company, a legacy or share of such estate is payable to an infant, then the trustee company shall (subject to the terms of any will or trust instrument) hold that legacy or share as trustee for the infant until such infancy ceases whereupon it shall account to the infant in terms of the will or trust instrument (if any).
(sec.35-ssec.2) Without prejudice to the liability of the trustee company to account as provided in subsection (1) for such legacy or share when infancy ceases, a certificate under the hand of an officer of the trustee company that such legacy or share is so held in terms of this section shall be deemed a proper discharge therefor for all purposes and rules of law.