Australian Capital Territory Consolidated Acts

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TRUSTEE COMPANIES ACT 1947 - SECT 19A

Company may hold property as joint tenant

    (1)     A trustee company is capable of acquiring and holding property as a joint tenant with an individual in the same way as an individual may acquire and hold property as a joint tenant.

    (2)     If a trustee company that is a joint tenant of property is dissolved, the property devolves on the other joint tenant.



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