JUDICATURE (TRUST CORPORATIONS) ACT

ARRANGEMENT OF SECTIONS

   1   Short title

   2   Interpretation

   3   Constitution of trust corporations

   4   Probate and letters of administration may be granted to trust corporations

   5   Officers of trust corporations, to act on behalf of such corporations

   6   Probate and administration not to be granted to syndics on behalf of trust corporations

   7   Vesting of interest in trust corporations

   8   Application of Act

 

THE JUDICATURE (TRUST CORPORATIONS) ACT

[Date of Commencement: 29th July, 1948]

Cap 182.

1   Short title

   This Act may be cited as the Judicature (Trust Corporations) Act.

2   Interpretation

   In this Act-

   "corporation" means any body corporate incorporated by Royal Charter, or by or under any instrument having the force of law in Jamaica or in any other Common-wealth country.

3   Constitution of trust corporations

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   The Minister on the application of any corporation carrying on business in Jamaica, if he is satisfied that under the instrument whereby such corporation is incorporated or any instrument whereby the powers of such corporation are defined such corporation is authorised to act as an executor of the will of any deceased person or as administrator of the estate of any deceased person or as a trustee of any settlement whether constituted by any testamentary instrument or otherwise, may in his absolute discretion by order declare such corporation to be a trust corporation for the purposes of this Act.

4   Probate and letters of administration may be granted to trust corporations

   (1) The Supreme Court may-

   (a)   where a trust corporation is named in any testamentary instrument as the executor of any deceased person, whether alone or jointly with any other person, grant probate to such corporation either solely or jointly with some other person, as the case may require; and

   (b)   on the application of any trust corporation, grant to such corporation, either solely or jointly with any other person, letters of administration to the estate of any deceased person.

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