CHAPTER
173
TRUSTEES APPOINTMENT (BAHAMAS) |
ARRANGEMENT OF
SECTIONS |
SECTION |
|
Extends Acts of Parliament. |
|
This Act to be read with the Acts of Parliament
declared to be in force. |
Deed made under this Act to be recorded. |
The court may wholly or partly relieve trustees
from personal liability. |
CHAPTER 173 |
TRUSTEES
APPOINTMENT (BAHAMAS) |
An Act to
extend to The Bahamas certain Statutes of the Imperial Parliament relative to
the appointment of trustees of places for religious worship or for educational
purposes. | 14 of 1903
35 of 1904 |
[Commencement 11th
May, 1903] |
1. This Act may be cited as the Trustees Appointment
(Bahamas) Act. | Short title. |
2. The Acts of the Imperial Parliament thirteenth and
fourteenth Victoria chapter twenty-eight and fifty-third and fifty-fourth
Victoria chapter nineteen known as "The Trustees
Appointment Acts 1850 to 1890" are hereby declared to be in force within
The Bahamas. | Extends Acts of Parliament. |
3. In any case where it is provided in the deed
declaring the trust that new trustees shall be elected by the surviving
trustees out of a number of persons nominated by any officer for the time being
of the congregation or society in question, then if there are no surviving
trustees in existence and if there is no provision in the deed declaring the
trust for the appointment of trustees in such a case new trustees may be
appointed by such officer and such trustees so appointed shall be deemed to be
the successors to the trustees of the deed declaring the trust and to have been
appointed in the manner provided by such deed. | Appointment of trustees. |
4. This Act shall be read in connection with the Acts
of the United Kingdom hereby declared to be in force in The Bahamas and all
words and expressions used in this Act shall have the same meaning as in the
said Acts of the United Kingdom. | This Act to be read with the Acts of Parliament
declared to be in force. |
5. Any deed made under the provisions of this Act shall
be recorded in the Registry of Records. | Deed made under this Act to be recorded. |
6. If it appears to the court that a trustee is or may
be personally liable for any breach of trust, when the transaction alleged to
be a breach of trust occurred before or after the passing of this Act, but has
acted honestly and reasonably and ought fairly to be excused for the breach of
trust and for omitting to obtain the directions of the court in the matter in
which he committed such breach, then the court may relieve the trustee wholly
or partly from personal liability for the same. | The court may wholly or partly relieve trustees from
personal liability. |