Trustee Act (Fiduciaires) — Canada — Yukon law | Esheria

Trustee Act (Fiduciaires)

This provision defines who counts as a trustee and sets default rules for trustee investments, replacement, sale powers, reimbursement, and vesting of trust property.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Canada — Yukon
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Official source
View official record ↗
accounts and supervision creditor notices deceased estates fiduciary administration property management sale of trust property trust administration trust investments trustee compensation trustee replacement

Statute overview

About this statute

This provision defines who counts as a trustee and sets default rules for trustee investments, replacement, sale powers, reimbursement, and vesting of trust property. This part gives trustees, executors, administrators, and judges a range of powers about receipts, insurance, infant trusts, court payments, disputed claims, leases, and debt settlement, with several protections from liability when they act in good faith or under court authority. Trustees, executors, administrators, and assignees may distribute estate assets after creditor notices expire, and several sections govern court advice, trustee compensation, judicial trustees, and when accounts must be passed.