Section 118 — Trusts Act 2019: Requirement to assist in transfer of trust property

118 Requirement to assist in transfer of trust property (1) The following persons must do all things necessary to assist in any transfer and any required notification, registration, or recording of the divesting and vesting of the trust property: (a) a trustee who has retired or been removed: (b) a continuing trustee of the trust: (c) a new trustee of the trust. (2) The persons who become and are the trustees may complete any formal requirements necessary for the divesting and vesting of trust property on behalf of a former trustee who loses the capacity to perform the functions of a trustee or who fails or refuses to act under subsection (1). (3) For the purposes of subsection (2), and without limiting that subsection, a person loses the capacity to perform the functions of a trustee if the person— (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.