Northern Territory Consolidated Acts

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THE TRUSTEE ACT 1893 AND SHALL COME INTO OPERATION ON A DAY TO BE FIXED BY THE GOVERNOR, - SECT 38

Vesting order as to stock in cases of lunatic or infant mortgagee

Where a person entitled alone or jointly with another person to stock or a chose in action by way of security for money is a lunatic, or a person of unsound mind, or an infant, the Supreme Court may make an order vesting the right to transfer, or call for a transfer of the stock, or receive the dividends or income thereof, or to sue for or recover the chose in action in like manner as in the case of a trustee who is a lunatic, a person of unsound mind, or an infant.



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