South Australian Current Acts

ADMINISTRATION AND PROBATE ACT 1919 - SECT 62

62—Estate how administered

In an administration by the Supreme Court, or under section 9 of the Public Trustee Act 1995 , by the Public Trustee, of the estate of a person dying on or after the first day of February, 1892, and in the administration of any such estate by the executor or administrator under section 60, the following provisions shall have effect:

            (a)         the executor or administrator shall have no right of retainer;

            (b)         a creditor who has at any time obtained judgment against the executor or administrator shall not, by reason of the judgment, have any priority over other creditors;

            (c)         legal assets shall, subject to this Act, be administered in the same manner as equitable assets.