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Banking policy

certificates (without which a solicitor cannot practise) to bankrupt solicitors. Clergyman.--Where the bankrupt is a beneficed clergyman the trustee may apply for a sequestration of the profits of the benefice (English) (Bankruptcy Act, 1914, s. 50). Peers

title

or valid ownership (as by virtue of an instrument) even if not accompanied by possession or use [the trustee held legal title to the property] [retained legal title to the goods until the debt was paid] compare

Charitable

that word, but it excludes some benevolent or philanthropic activities which a layman might consider charitable, Shaw, Public Trustee v. Day, (1957) 1 All ER 745.

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trusteed

trusteed : managed or administered by a trustee

Absence beyond the seas

Absence beyond the seas. See LIMITATION OF ACTIONS, and TRUSTEE.

Administrative deviation

Administrative deviation, means trustee's unauthorized departure from the terms of the trust, Black Law Dictionary, 7th Edn., p. 45.

Advertisement

advertisements were repealed by 16 & 17 Vict. c. 63, s. 5. As to the protection afforded to Trustees and Personal Representatives by issuing an advertisement for creditors before distributing any real or personal property, see (English)

Alimony

Probate and Divorce Division. The Court may direct its payment either to the wife herself or to a trustee on her behalf. The (English) Judicature Act, 1925 (15 & 16 Geo. 5, c. 49), s. 190, provides

Approved securities

Approved securities, means-(i) securities in which a trustee may invest money under clause (a), clause (b), clause (bb), clause (c) or clause (d) of s. 20

Active trust

Active trust, a confidence connected with a duty. See BARE TRUSTEE

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