Trustee Act, 1850

Power to appoint a person to convey or assign lands, or release contingent rights.

or to make an order on secretary of Bank of England, &c., to transfer stock.

20. In every case where the Lord Chancellor, intrusted as aforesaid, . . . shall, under the provisions of this Act, be enabled to make an order having the effect of a conveyance or assignment of any lands, or having the effect of a release or disposition of the contingent right of any person or persons, . . . it shall also be lawful for the Lord Chancellor, intrusted as aforesaid, . . . should it be deemed more convenient, to make an order appointing a person to convey or assign such lands, or release or dispose of such contingent right; and the conveyance or assignment, or release or disposition, of the person so appointed shall, when in conformity with the terms of the order by which he is appointed, have the same effect in conveying or assigning the lands, or releasing or disposing of the contingent right, as an order of the Lord Chancellor, intrusted as aforesaid, . . . would in the particular case have had under the provisions of this Act; and in every case where the Lord Chancellor, intrusted as aforesaid, . . . shall, under the provisions of this Act, be enabled to make an order vesting in any person or persons the right to transfer any stock transferable in the books of the Bank of England, or of any other company or society established or to be established, it shall also be lawful for the Lord Chancellor, intrusted as aforesaid, . . . if it be deemed more convenient, to make an order directing the secretary, deputy secretary, or accountant general for the time being of the Bank of England, or any officer of such other company or society, at once to transfer or join in transferring the stock to the person or persons to be named in the order; and this Act shall be a full and complete indemnity and discharge to the Bank of England, and all other companies or societies, and their officers and servants, for all acts done or permitted to be clone pursuant thereto.

[Ss. 21–25 rep. 56 & 57 Vict. c. 53.s. 51.]