Section 107 — Trusts Act 2019: Effect of notice
Text of the provision Official document
107 Effect of notice (1) This subsection applies in relation to a person who is removed under section 103(1) and who— (a) is subject to an order appointing a manager under section 31 of the Protection of Personal and Property Rights Act 1988; or (b) has a trustee corporation managing the person’s property under section 32 or 33 of that Act. (2) If subsection (1) applies, the notice of the decision to remove the trustee— (a) is the document of removal for the purposes of section 116 ; and (b) is executed and takes effect when it is given under section 106(1) . (3) In the case of a trustee who receives a notice under section 106(1) and in relation to whom subsection (1) does not apply, the notice— (a) is the document of removal for the purposes of section 116 ; and (b) is executed and takes effect— (i) 20 working days after the trustee receives the notice, if the trustee has not made an application under section 109 ; or (ii) only if and when ordered by the court, if the trustee has made an application under section 109 .
Official source: legislation.govt.nz
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