Trustee — Canada — Northwest Territories law | Esheria

Trustee

This Act sets out who counts as a trustee and gives trustees powers to invest, deposit, sell, insure, and appoint agents, while also setting rules for replacing trustees and court supervision.

Jurisdiction
Canada — Northwest Territories
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Official source
View official record ↗
accounting and audit court applications executor and administrator powers investments judicial trustees minor maintenance trust administration trustee liabilities trustee powers

Statute overview

About this statute

This Act sets out who counts as a trustee and gives trustees powers to invest, deposit, sell, insure, and appoint agents, while also setting rules for replacing trustees and court supervision. This provision lets surviving trustees act, gives trustees powers to use trust income for minors, allows certain sales and court applications, and sets several estate-administration powers and limits. A judicial trustee is under the supervision of a Supreme Court judge, who may appoint, direct, and review the trustee’s work.

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