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FRIENDLY SOCIETIES ACT (NORTHERN IRELAND) 1970 - SECT 49

Devolution of property on death, resignation or removal of trustee.

49. On the death, resignation or removal of a trustee of a
registered society or branch, all property (whether real or personal) vested
in him as such a trustee shall, without conveyance or assignment, vest subject
to the same trusts in the succeeding trustees of that society or branch,
either solely or together with any surviving or continuing trustees; and until
the appointment of succeeding trustees that property shall so vest in the
surviving or continuing trustees only or in the personal representatives of
the last surviving or continuing trustee.


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© 1970 Crown Copyright

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