TRUSTEES, ATTORNEYS AND EXECUTORS (ACCOUNTS AND GENERAL) ACT

ARRANGEMENT OF SECTIONS

   1   Short title

 

PART I
Executors, Administrators and Trustees

   2   Interpretation

   3   Investment of Trust Funds in Workers Savings and Loan Bank

   4   Commission chargeable by executors, administrators and trustees in certain cases

   5   Regulations as to commissions on estates of persons dying, and of trusts created after this Act

   6   Filing of accounts in Supreme Court by executors, administrators and trustees

   7   Penalty for receiving excessive commission

   8   Removal of executor, administrator or trustee

   9   Retirement of executor or administrator with leave of Court

   10   Power of executors, etc, to apply to Court

   11   Commission to person appointed executor and trustee

   12   Payment of commission in respect of income

   13   Appointment of attorney by executor, administrator or trustee

   14   Part III not to apply to executors, etc, filing accounts under this Act

   15   The Administrator-General

 

PART II
Commissions of Attorneys

   16   Commissions of attorneys, etc

 

PART III
Recording of Accounts by Attorneys, Agents, Trustees and Others

   17   Persons acting as attorneys, agents and trustees and others in a fiduciary character to record crop accounts

   18   Form of oath or affirmation

   19   Penalty for neglect

   20   Attorneys, agents, trustees, etc, to record accounts current

   21   Recovery of penalties

 

PART IV
Distribution of Assets after Notice

   22   As to distribution of the assets of testator or intestate after notice given by executor or administrator

 

THE TRUSTEES, ATTORNEYS AND EXECUTORS (ACCOUNTS AND GENERAL) ACT

[Date of Commencement: 30th May, 1904]

Cap 395.

1   Short title

   This Act may be cited as the Trustees, Attorneys and Executors (Accounts and General) Act.

PART I
Executors, Administrators and Trustees

2   Interpretation

   In this Part-

   "trustees" includes guardians, committees of lunatics, as well as all persons who are trustees within the meaning of the Trustee Act; and

   "the Court" means the Supreme Court or a Judge thereof.

3   Investment of Trust Funds in Workers Savings and Loan Bank

   Executors, administrators, and trustees may invest any sum or sums of money not exceeding, as to any estate or trust in any one year, the sum of ten thousand dollars, and not exceeding in the whole the sum of twenty thousand dollars by depositing the same in the Workers Savings and Loan Bank and the Accountant-General is hereby authorised to receive the same any law or rule to the contrary notwithstanding.

4   Commission chargeable by executors administrators and trustees in certain cases

   As to the estates of persons domiciled in Jamaica and deceased prior to the thirtieth day of May, 1904, as to the estates of persons deceased prior to the date aforesaid but not domiciled in Jamaica in so far as the estate of such persons are situated in Jamaica, and as to trusts created prior to the thirtieth day of May, 1904, which respectively have not been fully administered and closed, and which are not the subject of pending litigation, the executors or administrators in Jamaica of such deceased persons, and the trustees in Jamaica of such trusts as aforesaid, may from and after the thirtieth day of May, 1904, charge and receive such commission as the Administrator-General would be entitled to if he were, from and after the thirtieth day of May, 1904, appointed trustee of any such trust, or administrator of any such estate:

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