12 Powers Of Trustees May Be Exercised By Survivor

12 (1) If a power or trust is given to or vested in 2 or more trustees jointly, then, unless the contrary is expressed in any instrument creating the power or trust, it may be exercised or performed by the survivor or survivors of them for the time being.

• (2) This section applies only to trusts constituted after or created by instruments coming into operation after July 1, 1905.

1979-414-12.