Trustee Amendment Act 1914
Trustee Amendment Act 1914
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Trustee Amendment Act 1914
Trustee Amendment Act 1914
Public Act |
1914 No 13 |
|
Date of assent |
15 August 1914 |
|
Contents
An Act to authorize the Deposit of Trust-moneys by Trustees.
BE IT ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:—
1 Short Title.
This Act may be cited as the Trustee Amendment Act, 1914, and shall form part of and be read together with the Trustee Act, 1908 (hereinafter referred to as the principal Act).
2 Interpretation.
In this Act, unless the context otherwise requires, “institution”
means any savings-bank, Municipal Corporation, building society, investment company, or public company.
3 Authorizing deposit at interest of trustmoneys with certain approved institutions.
So long as a state of war exists in New Zealand, and for such period as may be prescribed by regulations hereunder, not exceeding six months after a state of war has ceased to exist, subsection one of section ninety-five of the principal Act shall be read and interpreted as if the following paragraph were added thereto:—
“(e.)
On deposit at interest with any institution approved for the purpose by the Governor by Order in Council gazetted.”
4 Validation of deposits of trustmoneys heretofore made.
Deposits at interest heretofore made within twelve months before the commencement of this Act by trustees with any institution shall be deemed to have been authorized by the terms of the trust and by law, and may be continued, and may from time to time be renewed, so long as a state of war exists in New Zealand, whether the institution be or be not hereafter approved for the purpose by Order in Council.
5 Validation of deposits of trustmoneys heretofore made.
Deposits under this Act may be made for any period not exceeding twelve months.
6 Courts to take judicial notice of existence or termination of a state of war.
A state of war exists in New Zealand when His Majesty is at war with any foreign prince or State. All Courts shall take judicial notice of the existence or termination of a state of war.
7 Duration of Act.
This Act shall continue in force until the thirty-first day of December, nineteen hundred and fifteen, and no longer.
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Versions
Trustee Amendment Act 1914
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