38. Supplemental provisions as to appointment of trustees

the number of trustees may, subject to the restrictions imposed by this Act on the number of trustees, be increased;

a separate set of trustees, not exceeding 4, may be appointed for any part of the trust property held on trusts distinct from those relating to any other part or parts of the trust property, even though no new trustees or trustee are or is to be appointed for other parts of the trust property, and any existing trustee may be appointed or remain one of such separate set of trustees, or, if only one trustee was originally appointed, then, except as hereinafter provided, one separate trustee may be appointed;

it is not obligatory, except as hereinafter provided, to appoint more than one new trustee where only one trustee was originally appointed, or to fill up the original number of trustees where more than 2 trustees were originally appointed, but, except where only one trustee was originally appointed, and a sole trustee when appointed will be able to give valid receipts for all capital money, a trustee must not be discharged from the trust unless there will be either a trust corporation or at least 2 individuals to act as trustees to perform the trust; and

any assurance or thing requisite for vesting the trust property or any part of that property in a sole trustee, or jointly in the persons who are the trustees, must be executed or done.