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VESTING OF PROPERTY IN TRUSTEES
The settlor must transfer the property to the original trustees in the proper legal manner. Similar transfers must be made on a change of trustee; but if a new trustee is appointed by deed, this operates to vest property automatically, except for: 1. Land conveyed by way of mortgage to secure trust moneys lent;2. Leasehold land held under a covenant not to assign without consent (unless consent is obtained); 3. Registered stocks and shares, which must be transferred in the proper manner S.41. The court has power to make vesting orders in appropriate circumstances.
profit and loss account
Q. Responding to various stakeholder groups? If a company has a solitary objective in terms of maximising profitability then it is only responding to one stakeholder group name
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