(1) The Court may make
an order, in this Act called a vesting order , that has effect as provided in
section 85.
(2) A vesting order
may be made in any of the following cases, namely —
(a)
where the Court appoints or has appointed a new trustee; or
(b)
where a new trustee has been appointed out of Court under any statutory or
express power; or
(c)
where a trustee retires or has retired; or
(d)
where a trustee is under a disability; or
(e)
where a trustee is out of the jurisdiction of the Court; or
(f)
where a trustee cannot be found; or
(g)
where a trustee, being a corporation, has ceased to carry on business or is in
liquidation or has been dissolved; or
(h)
where a trustee neglects or refuses to convey any property, or to receive the
dividends or income of any property, or to sue for or recover any property
according to the direction of the person absolutely entitled to the same for
28 days next after a request in writing has been made to him by that person;
or
(i)
where it is uncertain who was the survivor of 2 or more
trustees jointly entitled to or possessed of any property; or
(j)
where it is uncertain whether the last trustee known to have been entitled to
or possessed of any property is alive or dead; or
(k)
where there is no personal representative of the last trustee who was entitled
to or possessed of any property or where it is uncertain who is the personal
representative of that trustee or where the personal representative of that
trustee cannot be found; or
(l)
where any person neglects or refuses to convey any property, or to receive the
dividends or income of any property, or to sue for or recover any property in
accordance with the terms of an order of the Court; or
(m)
where a deceased person was entitled to or possessed of any property and his
personal representative is under a disability; or
(n)
where property is vested in a trustee and it appears to the Court to be
expedient to make a vesting order.
(3) Where the
provisions of subsection (2) are applicable, they extend to a trustee entitled
to, or possessed of, any property either solely or jointly with any other
person and whether by way of mortgage or otherwise.