Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1840-05-06
HER AID OF THE TIMES.

/, AN ACT for The better regulation of trust
\ estates and for other purposes
Il BE Il enacted by The General .1Ssembiy as
/ joiows:
\ Section |. Upon the DEATH resignation, or
removal OF any trustee appointed by last will
aud testament or deed or otherwise, or upon
such trustees declining TO act, II no adequate
/ provision is made by the instrument creating
the trust for appointing trustee and making
Il the cOnveyanccs winch ure necessary by law
The Supreme Judicial Cour, upon application
by petition or bill Of equity and reasonable
notice 10 all persons interested, may appoint
II \ new trustee or trustees who shall have and
exercise tho same powers, rights and duties
IS the trustee originally appointed would
have and all the right, title and interest OF
tho former trustee in and 10 the trust estate
shall by virtue of the decree of said Court
and Of this act, vest IN the trustee or trustees
appointed by said Court without any manner
of conveyance whaleyer aud until such de-
Iciee Is made and lodged io be recorded, as
/ provided in the second section of tins act,
such interest, estate and trust shal' be deem
ed 10 be vested IN the Supreme Judicial Court
as court of equity Provided however, that
the court may order such conveyances to b.
made, if they deem It necessary.
II Sec. =. la oil such cases 1t shall be the
duty of The new trustee Ia lodge copy
Of the decree for his appointment IN the office
Of the Town Clerk OF the town where the cs.
tate is situated, within sixty days from the
time of the appointment.
II Soc. 3. No trustee hereafter appointed
shall have power 10 convey or dispose OF his
interest in any trust property except under
ihc direction Of the Supreme Judicial Court,
unless authorized so to do by the instrument
creating the trust. Every conveyance made
contrary to the provisions OF this section shall
\ be VOID.
/ See. 4. Nothing in this act contained shall
be 30 construed Ia abrldgc any powers over
| trusts and trust estates heretofore vested III
The Supreme Judicial Court.
/ Sec. ). Any trustee upon petition may BE-
allowed by said Court to resign his trust
whenever they deem II proper.
Sec. &. ANY Justice Of the Supreme Jn-
dcia Court III vacation may make any order
or decree excepting final dccre'l IN any
matter pending before SAID Court III eqult!
or under this act, which sad Court might
make il in session, which order or decree shall
continue IN force until reversed or altered by
| said CouIt.
II Sec Z. No stock or shares in any bank,
| brGge, turnpike or insurance corporation,
chartered by this S,etc, owned by amy maj
ned woman, shall be conveyed or transferred
H except by instrument signed, sealed and ac-
know lcdged IN the same manner as IL rCqu'
red for conveying reol estate owned by Il
| married woman. But the husband may re
4 celve the income thereof during his life, and
on his dccease the same shall survive and
II belong to the lie, or 10 such persons as she
lt,,s hNEI IinF -
H lilo time, IN the manner required by the last
will and testament, shall have appointed, and
II IN default of such appointment, to her legaI
/ representatives. according to the mode oi
i distribution directed IN the first and second
sections of "un act directing the descent OF
intes,ate estates, and the settlement thereof,
and for other purposes therein mentioned"
contained in The digest Of 1892. Provided
that the provisions OF this section shall not
90 INTO effect until the lst day OF May, A.
ID. 1910.
/ Sec 8. ANY household goods or furniture
which any woman hereafter married may own
at the time of her marriage, or which nay be
/ given or bcqucohed TO any woman now or
h GREATER married after marriage, shall continue
to be her vested property, OF winch she shall
/ not be dlves,ad by any act or liability Of the
| husband, bat shall not be- sold or given away
by her during their JOINT lives without hi+
II consent Aud on the dCceasu Of the wife
Il such property shall descend and belong To
such persons MS she by any instrument, exc
II cutcd by her in her life time, in the manner
II required for last will and testament shall
II direct or to whslnsoever she may bequaath
II the same, and in default thereof 1t shall 90 TO
Il the husband fhe survives the wife, bnti the
| husband shall not survive it shall be dstribu-
ted among those who would be entitled there
to according to the first and second sections
Of the before mentioned act. Provided, that
within reasonable time from such MAJ airiage
Gift or bcquest or schedule of such property
shall be recorded in the Office Of the Town
Clerk Of the town where such persons reside.
Sec .. so much OF the thirteenth section
Of the before mentioned act as is inconsistent
herewith is hereby repealed.
Sec. 10. The Supreme Judicial Court may
hear aud determine in equity all questions
concerning the relative nights and property
of married persons, and concerning the set
tencnt Of the estate of any married woman
h whose husband shall survive her