Cap. 29activeordinance

Trustee Ordinance

受託人條例

Full legislation

s.41H

Power to appoint custodians

(1)
Subject to the provisions of this Division, the trustees of a trust may appoint a person to act as a custodian in relation to any of the assets of the trust as they determine.
(2)
For the purposes of this Ordinance, a person is a custodian in relation to any assets if the person undertakes the safe custody of the assets or of any documents or records concerning the assets.
(3)
An appointment under subsection (1) must be made, or evidenced, in writing.
(4)
This section does not apply to any trust having a custodian trustee.