Part 1Trusts
Chapter 8Powers of the court
Miscellaneous powers
I175Superintendence order as to investment and distribution of trust property
1
The court may, on the application of one or more of the trustees, order the accountant of court to superintend the trustees’ administration of the trust insofar as that administration relates to—
a
the investment of trust property, and
b
the distribution of trust property among creditors and beneficiaries.
2
If the order (to be known as a “superintendence order”) is granted, the accountant of court—
a
must, annually, examine and audit the trustees’ accounts, and
b
may report to the court, and obtain the court’s directions, on any question which may arise with regard to the administration superintended.
3
This section applies irrespective of when the trust was created.