Power of trustees Flashcards
1
Q
Trustee derives their power from:
A
Trust deed
2
Q
Power to sell property does not include the power to:
A
Mortgage it
3
Q
Distinction must be made between a delegation of power and an abdication of power.
A
In case of a delegation of power, it is very important to note that the trustee who was appointed in terms of the trust deed remains responsible for acts performed by or on their behalf by the person to whom the power were delegated.
A trust cannot abdicate their power as a trustee.