New South Wales Consolidated Acts

TRUSTEE ACT 1925 - SECT 57

57 Two or more trustees

(1) Where a power or trust is given to or vested in two or more trustees jointly, then, unless the contrary is expressed in the instrument, if any, creating the power or trust, the same may be exercised or performed by the survivor or survivors of them for the time being.

(2) This section applies to powers and trusts created either before or after the commencement of this Act.