Trusts Act 2025
sec.225Existing certificates of Minister approving of more than 4 trustees
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sec.225 Existing certificates of Minister approving of more than 4 trustees
This section applies in relation to trust property if— before the commencement, the Minister gave a certificate mentioned in the repealed Act, section 11(3)(b) approving of a greater number of trustees than 4 in whom the trust property was, or was to be, vested; and immediately before the commencement, the certificate was still in effect. Despite the repeal of the repealed Act, the certificate continues to have effect for the trust to approve the number of trustees approved under the certificate. Also, section 14 applies to the trust as if— the reference in section 14(2) to 4 trustees were a reference to the number of trustees approved under the certificate; and a reference in section 14(3) to 4 persons were a reference to the number of persons that was approved under the certificate as the number of trustees. (sec.225-ssec.1) This section applies in relation to trust property if— before the commencement, the Minister gave a certificate mentioned in the repealed Act, section 11(3)(b) approving of a greater number of trustees than 4 in whom the trust property was, or was to be, vested; and immediately before the commencement, the certificate was still in effect. (sec.225-ssec.2) Despite the repeal of the repealed Act, the certificate continues to have effect for the trust to approve the number of trustees approved under the certificate. (sec.225-ssec.3) Also, section 14 applies to the trust as if— the reference in section 14(2) to 4 trustees were a reference to the number of trustees approved under the certificate; and a reference in section 14(3) to 4 persons were a reference to the number of persons that was approved under the certificate as the number of trustees.
- (a) before the commencement, the Minister gave a certificate mentioned in the repealed Act, section 11(3)(b) approving of a greater number of trustees than 4 in whom the trust property was, or was to be, vested; and
- (b) immediately before the commencement, the certificate was still in effect.
- (a) the reference in section 14(2) to 4 trustees were a reference to the number of trustees approved under the certificate; and
- (b) a reference in section 14(3) to 4 persons were a reference to the number of persons that was approved under the certificate as the number of trustees.