Victorian Current Acts

TRINITY COLLEGE ACT 1927 - SECT 4

    (1)     The said corporation is hereby appointed the sole trustee of the land described in the Schedule to this Act in substitution for the trustees thereof immediately preceding the commencement of this Act and the said lands shall on and after the commencement of this Act and by virtue of this Act and without further or other transfer be vested in the said corporation as such sole trustee for an estate in fee simple.

    (2)     Subject to and in accordance with this Act the said corporation—

        (a)     shall hold the said land upon the trusts and subject to the conditions provisions and declarations set forth in the said Crown grant;

        (b)     shall have the same powers authorities and discretions and may in all respects act as if it had been originally appointed the sole trustee of the said land by the said Crown grant; and

        (c)     shall be subject to the same respective duties and obligations as those to which any individual acting as trustee of the said land under the said Crown grant would be subject, and all the provisions of the common and statute law applying to individuals acting as such trustees shall apply to the said corporation when acting in that capacity:

Provided that where any individual acting as such a trustee would be liable in his own proper person to attachment or commitment or to any process the members of the board of management of the said corporation shall when the said corporation is acting in that capacity be liable each for his own individual act and not further or otherwise in his own proper person to attachment commitment or other process.

S. 4(3) amended by No. 18/1989 s. 13(Sch. 2 item 92).

    (3)     Upon application to the Registrar of Titles in that behalf by the said corporation and production of the duplicate copy of the said Crown grant and upon payment of the requisite fees but without production of any instrument of transfer of the said land the Register of Titles shall register the said corporation as the proprietor of the said land by making such recordings in the Register as he may consider necessary.