Section 4

act in the administration of estates of small value;

act as an ordinary trustee;

be appointed trustee by the Court.

Subject to the provisions of this Act and to the rules made thereunder, the Public Trustee may act either alone or jointly with any person or body of persons in any capacity to which he may be appointed in pursuance of this Act and shall have the same powers, duties, and liabilities, and be entitled to the same rights and immunities and be subject to the same control and orders of the Court, as a private trustee acting in the same capacity.

The Public Trustee may decline, either absolutely or except on the prescribed conditions, to accept any trust, but he shall not decline to accept any trust on the ground only of the small value of the trust property.

The Public Trustee shall not accept any trust which involves the management or carrying on of any business, except in the cases in which he may be authorized to do so by rules made under this Act, nor any trust under a deed of arrangement for the benefit of creditors, nor the administration of any estate known or believed by him to be insolvent.