Clause 25

Notwithstanding the provisions of the Probate and Administration Act (Cap. 251), no licensed trust company to which a grant of letters of administration has been made shall be required to furnish security for the due administration of the estate.

Notwithstanding the provisions of the Probate and Administration Act or any other written law, no licensed trust company appointed by the court to perform the duties of receiver, guardian, committee or any other office or trust shall be required to furnish security for the due performance of such duties.