Hong Kong Regulations

JUDICIAL TRUSTEE RULES - RULE 24

Discontinuance of judicial trustee

(1) Where there is a judicial trustee of a trust, the court may at any time,
on the application made by summons of any person appearing to the court to be
interested in the trust, order that there shall cease to be a judicial trustee
of the trust, whether the person who is judicial trustee continues as trustee
or not.

(2) If the court is satisfied that all the persons appearing to the court to
be interested in the trust concur in an application under this rule, the court
shall accede to the application, and in any case shall ascertain as far as may
be the wishes of those appearing to the court to be interested in the trust
with regard to the application.

(3) Where an order is made under this rule, the court shall make all such
orders as may be necessary for carrying it into effect, and where in pursuance
of any such order a new trustee is appointed in the place of an
official of the court, shall make all such vesting or other orders and
exercise all such other powers as may be necessary for vesting the trust
property in the new trustee either as sole trustee or jointly with other
trustees as the case requires.