Public Trustee Act | Chapter 161 — Uganda law | Esheria

Public Trustee Act

The Minister may appoint a public trustee for Uganda and may appoint deputies by notice in the Gazette; each deputy must be competent and, when acting, has the same privileges and liabilities as the public trustee, subject to the public trustee's control.

Jurisdiction
Uganda
Instrument
Act or statute
Citation
Chapter 161
Version
Undated source snapshot
Language
en

Source attribution: Source: Uganda Legal Information Institute

Statute overview

About this statute

The Government must pay from public funds any sums needed to meet liabilities that the public trustee would have had to pay as a private trustee, except where neither the public trustee nor their officers or agents contributed to the liability and could not have prevented it by reasonable diligence; in that exception the public trustee, their officers or agents, and the Government are not liable. The Minister may set fees and may set a maximum percentage for fees charged on annual trust income; the public trustee may fix the actual percentage year by year with the Minister's approval. The prescribed person must audit the public trustee's accounts at least once annually and whenever the Minister directs. The court may make orders concerning trust property vested in the public trustee, or the interest or produce of that trust property. The public trustee may incur expenditure for acts necessary to properly care for and manage trust property.

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