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The Pamphlet Collection of Sir Robert Stout: Volume 45

When trustees are absent, &c

page 20

When trustees are absent, &c.

(6.) When any person, being or having been a trustee of a society or registered branch, and whether appointed before or after the legal establishment thereof, in whose name any funds, debentures, securities, or moneys belonging to such society or registered branch are standing or vested., either jointly with another or others, or solely, is absent from New Zealand, or becomes bankrupt, or files any petition or executes any deed of assignment, arrangement or composition with his creditors, or becomes a lunatic, or is dead, or has been removed from his office of trustee, or if it be unknown whether such person is living or dead, the Registrar, on application in writing from the secretary and three members of the society or registered branch, and on proof satisfactory to him, may direct the transfer of such funds, debentures, securities or moneys into the names of such other persons as trustees for the society or registered branch as shall be appointed by such society or registered branch; and such transfer shall be made by the surviving or continuing trustees; and if there be no such trustees, or if such trustees refuse or be unable to make such transfer, the Registrar may direct that where such funds debentures securities or moneys—
(a.)are standing in the books of the Colonial Treasurer., or are in his control, such transfer be made by the Colonial Treasurer or some officer of the General Government to be named in the order:
(b.)are standing in the books or in the control of any Bank or Banking Corporation or other corporation or body, such transfer be made by some officer of such Bank or Banking Corporation or other corporation or body to be named in the order:
(c.)are standing in the books or are in the hands or control of any other person or persons, such transfer be made by such person or persons.