Trustees Act 1967 · 2020 Revised Edition · Part 5 · Powers of Court
54. Vesting orders in relation to infant’s beneficial interest
Feedback & supportWhere an infant is beneficially entitled to any property, the court may, with a view to the application of the capital or income of the property for the maintenance, education or benefit of the infant, make an order —
property
“property” includes movable and immovable property, and any estate, share and interest in any property, movable or immovable, and any debt, and any thing in action, and any other right or interest, whether in possession or not;
appointing a person to convey the property; or
convey
“convey” and “conveyance”, as applied to any person, include the execution by that person of every necessary or suitable assurance (including an assent) for conveying, assigning, appointing, surrendering, or otherwise transferring or disposing of land of which the person is seised or possessed, or in which the person is entitled to a contingent right, either for the person’s whole estate or for any less estate, together with the performance of all formalities required by law for the validity of the conveyance;
in the case of stock, or a thing in action, vesting in any person the right to transfer or call for a transfer of the stock, or to receive the dividends or income of the stock, or to sue for and recover such thing in action, upon terms that the court thinks fit.
stock
“stock” includes fully paid-up shares, and, so far as relates to vesting orders made by the court under this Act, includes any fund, annuity or security transferable in books kept by any corporation, company or society, or by instrument of transfer either alone or accompanied by other formalities or otherwise, and any share or interest therein;