Hong Kong Ordinances

TRUSTEE ORDINANCE - SECT 71

Order for payment, etc. by majority of trustees without concurrence of others

(1) Where any moneys or securities, or any land, are or is vested in any
persons as trustees, and the majority of them are desirous of paying,
transferring, depositing, or conveying the same as aforesaid, but the
concurrence of the other or others cannot be obtained, the court may order the
payment, transfer, deposit, or conveyance to be made by the majority without
the concurrence of the other or others; and where any such moneys or
securities are deposited with any banker, broker, or other depositary, the
court may order payment or delivery of the moneys or securities to the
majority of the trustees for the purpose of payment into  court.

(2) Every payment, transfer, deposit, delivery, and conveyance made in
pursuance of any such order shall be valid and take effect as if the same had
been made on the authority or by the act of all the persons entitled to the
moneys, securities, or land so paid, transferred, deposited, delivered, or
conveyed. [cf. 1893 c.53 s.42 U.K.]