Statute
Section 97 — Trusts Act 2019: Statutory trustee may be sole trustee
Text of the provision Official document
97 Statutory trustee may be sole trustee (1) A statutory trustee may be appointed and may lawfully act as the sole trustee of any trust, even if the terms of the trust provide for or require the appointment of 2 or more trustees. (2) This section does not permit the appointment of a body corporate as trustee if the terms of the trust forbid the appointment of the body corporate. Compare: 1956 No 61 s 48
Official source: legislation.govt.nz
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