Public Trust Corporation Act 1995 · Updated to 1 Sep 2010 · Part V · General
34. Exemption from giving security
Feedback & supportWhere any bond or security would be required from a private person upon the grant to him of letters of administration or upon his appointment to act in any capacity, the Corporation, if granted letters of administration or appointed to act in any such capacity, shall not be required to give such bond or security but shall be subject to the same liabilities and duties as if it had given such bond or security.
administration
Defined · s 2
“administration” means the administration of the estate of a deceased person by an executor or administrator; *