Full legislation
s.45
Vesting orders of land
In any of the following cases,
namely—
(a)
where the court appoints or has appointed a trustee, or where a trustee has
been appointed out of court under any statutory or express power;
(b)
where a trustee entitled to or possessed of any land or interest therein,
whether by way of mortgage or otherwise, or entitled to a contingent right therein,
either solely or jointly with any other
person—
(i)
is under disability; or
(ii)
is out of the jurisdiction of the court; or
(iii)
cannot be found, or, being a corporation, has been dissolved;
(c)
where it is uncertain who was the survivor of 2 or more trustees jointly
entitled to or possessed of any interest in land;
(d)
where it is uncertain whether the last trustee known to have been entitled to
or possessed of any interest in land is living or dead;
(e)
where there is no personal representative of a
deceased trustee who was entitled to or possessed of any interest in
land, or where it is uncertain who is the personal representative of a deceased
trustee who was entitled to or possessed of any interest in land;
(f)
where a trustee jointly or solely entitled to or possessed of any interest in
land, or entitled to a contingent right therein, has been required, by or on behalf
of a person entitled to require a conveyance of the land or interest or a release of
the right, to convey the land or interest or to release the right, and has wilfully
refused or neglected to convey the land or interest or release the right for 28 days
after the date of the requirement;
(g)
where land or any interest therein is vested in a trustee whether by way of
mortgage or otherwise, and it appears to the court to be expedient,
the court may make an order (in this Ordinance called a
vesting
order
) vesting the land or interest therein in any such person in any such
manner and for any such estate or interest as the court may direct, or releasing or
disposing of the contingent right to such person as the court may
direct:
Provided
that—
(i)
where the order is consequential on the appointment of a trustee the land
or interest therein shall be vested for such estate as the court may direct in
the persons who on the appointment are the trustees; and
(ii)
where the order relates to a trustee entitled or formerly entitled jointly
with another person, and such trustee is under disability or out of the
jurisdiction of the court or cannot be found, or being a
corporation has been dissolved, the land, interest or right shall be
vested in such other person who remains entitled, either alone or with any other
person the court may appoint.
[cf. 1925 c. 19 s. 44 U.K.]