Powers of Public Trustee

Subject to the provisions of the Act and these Rules the Public Trustee is authorized– (a) to accept any trust created or declared by any trust instrument or arising upon an intestacy; (b) to accept any duty incident to, and to act in, any of the following offices, namely– (i) as incident to the office of trustee of any trust accepted by him, the office of guardian of an infant beneficiary; 7 (ii) the office (where the execution of any trust is involved therein) of agent or attorney for any person; (c) to accept by the name of the Public probate or letters of administration of any kind and either as principal or as agent for any person; (d) to accept as custodian trustee any trust created or declared by any instrument; (e) to receive any money or damages paid to him in pursuance of the Rules of the Supreme Court relating to infants, and to apply the same in accordance with such rules or any directions of the Court or a judge thereunderprovided that he shall not accept the trusts of any instrument made solely by way of security for money.