New Zealand Legislation: Acts
Acts are laws made by Parliament
Reprint as at 1 October 2011
| Public Act | 1967 No 35 |
| Date of assent | 26 October 1967 |
Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this eprint.
A general outline of these changes is set out in the notes at the end of this eprint, together with other explanatory material about this eprint.
This Act is administered in the Ministry of Justice.
4 Grant of letters of administration to trustee company
5 Court may act upon affidavit of director or manager
7 Company may be appointed trustee and hold other fiduciary positions
8 Appointment of trustee company by executors, administrators, and trustees
9 Appointment of trustee company where person whose consent is required refuses or is unable to consent
10 Authority of director or officer to attend on behalf of trustee company
11 Company may act alone or jointly
12 Company may act under power of attorney by officers
13 Powers of attorney in favour of trustee company
14 Payment of legacies of infants to trustee company
15 Administration by trustee company of benefit fund
16 Trustee company may be appointed to represent parties in legal proceedings
17 Restriction on registration of transfers of shares
20 Local and special Board of Directors of trustee companies
21 Delegations to local or special Board of Directors, etc
22 Appointment of deputies of certain officers
23 Judicial notice of certain seals, appointments, and signatures
24 Trustee company may evidence and register dealings in land when acting in different capacities
25 Charges created by trustee companies in a fiduciary capacity
28 Conditions on which tenant for life may be allowed into possession
30 Income and capital of Group Investment Fund
31 Capital valuation of investments of Fund
31A Capital valuation of Fund comprising investments in real estate
33 Powers of trustee company in respect of Funds
33B Powers of trustee company or manager to adjust interest in trust property of Fund that is portfolio investment entity
34 Examination of Group Investment Funds
35 Duties, etc, of trustee companies not affected by this Part of Act
Part 3
Elections to administer and certificates of administration
36 Power of trustee companies to elect to administer small estates without grant of administration
37 Elections in respect of unadministered balance of an estate
38 Commissioner of Inland Revenue to be notified of filing of election
39 Operation of election to administer as regards property overseas
40 Revocation of elections filed in error
41 Court fees payable on elections, etc
42 Certificate by trustee company as to its legal status in any matter
43 Consequential amendment [Repealed]
Part 4
Trustee companies protection
45 Certificate to accompany applications for and transfers of shares
46 Voting at general meetings of shareholders
47 Certificates for purposes of this Part of this Act not to constitute notice of any trust
Part 5
Miscellaneous provisions
An Act to make better provision for the operation of trustee companies
