Hong Kong Ordinances

TRUSTEE ORDINANCE - SECT 36

Limitation of the number of trustees

PART IV

APPOINTMENT AND DISCHARGE OF TRUSTEES

(1) Where, at the commencement of this Ordinance there are more than 4
trustees of a settlement of land or more than 4 trustees holding land on
trust for sale, no new trustees shall (except where as a result of the
appointment the number is reduced to 4 or less) be capable of being appointed
until the number is reduced to less than 4, and thereafter the number shall
not be increased beyond 4.

(2) In the case of settlements and dispositions on trust for sale of land made
or coming into operation after the commencement of this Ordinance-

   (a)  the number of trustees thereof shall not in any case exceed 4, and
        where more than 4 persons are named as such trustees, the 4 first
        named (who are able and willing to act) shall alone be the trustees,
        and the other persons named shall not be trustees unless appointed on
        the occurrence of a vacancy;

   (b)  the number of the trustees shall not be increased beyond 4.

(3) The restrictions hereby imposed on the number of trustees do not apply in
the case of land vested in trustees for charitable, ecclesiastical, or public
purposes or where the net proceeds of the sale of the property are held for
like purposes. [cf. 1925 c. 19 s. 34 U.K.]