Section 154 — Trusts Act 2019: Appointment of investigator by Public Trust

154 Appointment of investigator by Public Trust (1) When proceeding with an application under section 153 , Public Trust must ensure that a person (the investigator ) is appointed in accordance with subsection (2) and that the investigator is— (a) either— (i) a lawyer; or (ii) a qualified statutory accountant (within the meaning of section 5(1) of the Financial Reporting Act 2013); and (b) not a beneficiary of the trust. (2) The investigator may be appointed— (a) by agreement between— (i) the applicant trustee, the co-trustees, and Public Trust; or (ii) the applicant beneficiary, the trustees, and Public Trust; or (b) if no agreement can be reached, by Public Trust. Compare: 1956 No 61 s 83B(1), (1A)