Interpretation
In this Act, unless the context otherwise requires
"authorised investments" means investments authorised by the instrument, if any, creating the trust for the investment of money subject to the trust, or by law;
"contingent right" as applied to land includes a contingent or executory interest, a possibility coupled with an interest, whether the object of the gift or limitation of the interest or possibility is or is not ascertained, also a right of entry, whether immediate or future, and whether vested or contingent;
"court" means the High Court or a judge of the High Court;
"instrument" includes Act of Parliament;
"land" includes land of any tenure, and mines and minerals, whether or not severed from the surface, buildings or parts of buildings, whether the division is horizontal, vertical or made in any other way, and other corporeal hereditaments; also a rent and other incorporeal hereditaments and an easement, right, privilege, or benefit in, over or derived from land; and in this definition "mines" and "minerals" include any strata or seam of minerals or substances in or under any land, and powers of working and getting the same, but not an undivided share thereof; and "hereditaments" means immovable property which under an intestacy would devolve on an heir;
"mortgage" means an instrument of mortgage capable of being registered under the Mortgage Act;
"mortgagee" includes every person deriving title under the original mortgagee;
"pay" and "payment" as applied in relation to stocks and securities and in connection with the expression "into court" include the deposit or transfer of stocks and securities in or into court;
"personal representative" means the executor, original or by representation, or administrator for the time being of a deceased person;
"possession" includes receipt of rents and profits or the right to receive rents and profits, if any; "income" includes rents and profits; and "possessed" applies to receipt of income of and to any vested estate less than a life interest in possession or in expectancy in any land;
"property" includes immovable and movable property, and any estate, share and interest in any property, immovable or movable, and any debt, and any thing in action, and any other right or interest, whether in possession or not;
"rights" includes estates and interests;
"sale" includes an exchange;
"securities" includes stocks, funds and shares; and "securities payable to bearer" includes securities transferable by delivery or by delivery and endorsement;
"stock" includes fully paid up shares, and so far as relates to vesting orders made by the court under this Act, includes any fund, annuity, or security transferable in books kept by any company or society, or by instrument of transfer either alone or accompanied by other formalities, and any share or interest therein;
"transfer" in relation to land or any estate or interest in it as applied to any person includes the execution by that person of every instrument or document, including an assent, for transferring, assigning, appointing, surrendering or otherwise disposing of land of which he or she is seized or possessed or in which he or she is entitled to a contingent right, either for his or her whole estate or for any less estate together with the performance of all formalities required by law for the validity of the transfer and as applied to any instrument or document means an instrument which is capable of being registered under the Registration of Titles Act;
"transfer" in relation to stock or securities includes the performance and execution of every deed, power of attorney, act and thing on the part of the transferor to effect and complete the title in the transferee;
"trust" does not include the duties incident to an estate conveyed by way of mortgage, but with this exception, "trust" and "trustee" extend to implied and constructive trusts, and to cases where the trustee has a beneficial interest in the trust property, and to the duties incident to the office of a personal representative, and "trustee" where the context admits, includes a personal representative, and "new trustee" includes an additional trustee;
"trust corporation" means the public trustee or a corporation appointed by the court in any particular case to be a trustee or a corporation entitled under any Act to act as a custodian trustee;
"trust for sale" in relation to land means an immediate binding trust for sale, whether or not exercisable at the request or with the consent of any person, and with or without power at discretion to postpone the sale;
"trustees for sale" means the persons, including a personal representative, holding land on trust for sale.
Section analysis Source linked
This section supplies the definitions or statutory meaning governing “Interpretation”.
“In this Act, unless the context otherwise requires "authorised investments" means investments authorised by the instrument, if any, creating the trust for the investment of money subject to the trust, or by law;”
Use this definition when interpreting other provisions that employ the language addressed by “Interpretation”.
Operative requirements extracted from the consolidated text.
- "contingent right" as applied to land includes a contingent or executory interest, a possibility coupled with an interest, whether the object of the gift or limitation of the interest or possibility is or is not ascertained, also a right of entry, whether immediate or future, and whether vested or contingent;
- "court" means the High Court or a judge of the High Court;
- "instrument" includes Act of Parliament;
- "land" includes land of any tenure, and mines and minerals, whether or not severed from the surface, buildings or parts of buildings, whether the division is horizontal, vertical or made in any other way, and other corporeal hereditaments; also a rent and other incorporeal hereditaments and an easement, right, privilege, or benefit in, over or derived from land; and in this definition "mines" and "minerals" include any strata or seam of minerals or substances in or under any land, and powers of working and getting the same, but not an undivided share thereof; and "hereditaments" means immovable property which under an intestacy would devolve on an heir;
- "mortgage" means an instrument of mortgage capable of being registered under the Mortgage Act;
- "mortgagee" includes every person deriving title under the original mortgagee;
- "pay" and "payment" as applied in relation to stocks and securities and in connection with the expression "into court" include the deposit or transfer of stocks and securities in or into court;
- "personal representative" means the executor, original or by representation, or administrator for the time being of a deceased person;
12 further items remain in the statutory text above.
Express propositions in source-matched passages from judgments citing this section.
Citing judgments are indexed, but no express interpretive proposition has yet passed the passage-verification threshold. Open Judicial treatment for the citing passages.
No section-specific amendment note or instrument-level amendment history appears in this consolidation.