Section 31
of International Trusts Order, 2000
Section 31
(1)
Where there are more than two trustees and where a power or trust is given to or imposed upon two or more trustees jointly, a decision of the majority of trustees shall be binding on all, and such a power or trust may be exercised or performed by the survivors or survivor of them (being a trust corporation) for the time being. Subject to the terms of the trust instrument where there is an equality of trustees only, then the trust corporation which is one of the trustees shall have a casting vote.
(2)
Until the appointment of new trustees, the personal representatives or representative for the time being of a sole trustee, or, where there were two or more trustees, of the last surviving or continuing trustee, shall be capable of exercising or performing any power or trust which was given to, or capable of being exercised by, the sole or last surviving or continuing trustee, or the other trustees or trustee for the time being of the trust.
(3)
In this section, “personal representative” shall not include an executor who has renounced or has not proved.
Application of Part III.