Government Annuities Act, 1853

Cases in which Grants of Annuities may be to Trustees.

IX. No such Annuity shall be granted otherwise than in the sole Name of the Person on whose Life and for whose Benefit the said Annuity is granted, except in the Case of Females, Infants under the Age of Twenty-one Years, Idiots, Persons of unsound Mind or incapacitated by bodily or mental Infirmity from taking care of themselves, of which Proof shall be afforded at the Time of making the Contract to the Satisfaction of the said Commissioners, or Comptroller General or Assistant Comptoller acting under them, in which Cases it shall be lawful to grant such Annuities as are authorized by this Act upon the Life of any such Person to such Person and to any Two or more Persons not interested therein as Trustees for such Person, under such Regulations as shall be prescribed by the said Commissioners or Comptroller General.