ACT 100
TRUST COMPANIES ACT 1949 (REVISED - 1973)

GENERAL



Section 34. Liability and powers of company.


Subject to this Act, the liability of every trust company to the person or persons interested in any estate held by the company as executor, administrator, trustee, receiver, liquidator, assignee, guardian, or committee, or in any other official or business capacity shall be the same as if the estate had been held by a private person in the like capacity and the powers of the company shall be the same as those of a private person in the like capacity.


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