Australian Capital Territory Current Acts

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TRUSTEE ACT 1925 - SECT 57

Two or more trustees

    (1)     If a power or trust is given to or vested in 2 or more trustees jointly, the power or trust may be exercised by the survivor or survivors of them for the time being.

    (2)     This section applies to a trust except so far as the contrary intention appears in the trust instrument.



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