Section 28
Corporation’s liability
of Public Trust Corporation Act 1995
ActIn forceProvision 28 of 43
Section 28
(1)
The Corporation shall be liable to make good any lawful claims on the Common Fund which cannot be met therefrom or from the General Reserve Fund whether such claims relate to capital moneys or income.
(2)
The capital moneys claimable by any estate shall include the moneys from such estate included in the Common Fund and where investments have been taken over under subsection 25(3)
they shall also include the value of such investments as ascertained in accordance with subsection 25(4).