sec.270Protection against liability for rents and covenants if accrued liabilities satisfied before commencement

sec.270 Protection against liability for rents and covenants if accrued liabilities satisfied before commencement

This section applies if— before the commencement, a personal representative or trustee who was liable under a lease, grant or indemnity for a matter mentioned in the repealed Act, section 66(1)(a), (b) or (c) satisfied all liabilities that had accrued and, if necessary, set apart a fund as mentioned in the repealed Act, section 66(1); but immediately before the commencement, the personal representative or trustee had not distributed the residuary real and personal estate of the deceased testator or intestate, or the trust estate, under the repealed Act, section 66(1)(d). The repealed Act, section 66 continues to apply in relation to the distribution of the residuary real and personal estate, or the trust estate, as if this Act had not been enacted. (sec.270-ssec.1) This section applies if— before the commencement, a personal representative or trustee who was liable under a lease, grant or indemnity for a matter mentioned in the repealed Act, section 66(1)(a), (b) or (c) satisfied all liabilities that had accrued and, if necessary, set apart a fund as mentioned in the repealed Act, section 66(1); but immediately before the commencement, the personal representative or trustee had not distributed the residuary real and personal estate of the deceased testator or intestate, or the trust estate, under the repealed Act, section 66(1)(d). (sec.270-ssec.2) The repealed Act, section 66 continues to apply in relation to the distribution of the residuary real and personal estate, or the trust estate, as if this Act had not been enacted.

• (a) before the commencement, a personal representative or trustee who was liable under a lease, grant or indemnity for a matter mentioned in the repealed Act, section 66(1)(a), (b) or (c) satisfied all liabilities that had accrued and, if necessary, set apart a fund as mentioned in the repealed Act, section 66(1); but
• (b) immediately before the commencement, the personal representative or trustee had not distributed the residuary real and personal estate of the deceased testator or intestate, or the trust estate, under the repealed Act, section 66(1)(d).