Section 36
Limitation of the number of trustees
ActIn forceProvision 37 of 116
Section 36
(1)
In the case of settlements and dispositions on trust of property, whether movable or immovable, made or coming into operation on or after 1 September 1929 —
(a)
the number of trustees must not in any case exceed 4, and where more than 4 persons are named as trustees, the 4 first named (who are able and willing to act) must alone be the trustees, and the other persons named must not be trustees unless appointed on the occurrence of a vacancy; and
(b)
the number of the trustees must not be increased beyond 4.
(2)
The restrictions imposed on the number of trustees do not apply in the case of property vested in trustees for charitable, religious or public purposes.