s. 53 53 Orders as to contingent rights of unborn persons No. 5770 s. 53. Where any property is subject to a contingent right in an unborn person or class of unborn persons who, on coming into existence would, in respect thereof, become entitled to or possessed of the property on any trust, the Court may make an order releasing the property from the contingent right or may make an order vesting in any person the estate or interest to or of which the unborn person or class of unborn persons would, on coming into existence, be entitled or possessed in the property. 54 Vesting order in place of conveyance by minor or No. 5770 s. 54. S. 54 mentally ill mortgagee amended by Nos 9075 Where any person entitled to or possessed of any s. 5(1), 9427 property by way of mortgage is a minor or a s. 5(Sch. 4 item 12), patient within the meaning of the Mental Health 59/1986 Act 2014 the Court may make an order vesting or s. 143(2), 26/2014 releasing or disposing of the property in like s. 455(Sch. manner as in the case of a trustee under like item 32). disability. 55 Vesting orders in relation to minor's beneficial No. 5770 s. 55. S. 55 interests amended by Nos 9075 Where a minor is beneficially entitled to any s. 5(1), 9427 property the Court may, with a view to the s. 5(Sch. 4 item 12). application of the capital or income thereof for the maintenance, education, advancement or benefit of the minor, make an order— (a) appointing a person to convey such property; or (b) in the case of stock, or a thing in action, vesting in any person the right to transfer or call for a transfer of such stock, or to receive the dividends or income thereof, or to sue for
No. 5770 s. 53. 53 Orders as to contingent rights of unborn persons s. 53 Where any property is subject to a contingent right in an unborn person or class of unborn persons who, on coming into existence would, in respect thereof, become entitled to or possessed of the property on any trust, the Court may make an order releasing the property from the contingent right or may make an order vesting in any person the estate or interest to or of which the unborn person or class of unborn persons would, on coming into existence, be entitled or possessed in the property. No. 5770 s. 54. S. 54 amended by Nos 9075 s. 5(1), 9427 s. 5(Sch. 4 item 12), 59/1986 s. 143(2), 26/2014 s. 455(Sch. item 32). 54 Vesting order in place of conveyance by minor or mentally ill mortgagee Where any person entitled to or possessed of any property by way of mortgage is a minor or a patient within the meaning of the Mental Health Act 2014 the Court may make an order vesting or releasing or disposing of the property in like manner as in the case of a trustee under like disability. No. 5770 s. 55. S. 55 amended by Nos 9075 s. 5(1), 9427 s. 5(Sch. 4 item 12). 55 Vesting orders in relation to minor's beneficial interests Where a minor is beneficially entitled to any property the Court may, with a view to the application of the capital or income thereof for the maintenance, education, advancement or benefit of the minor, make an order— (a) appointing a person to convey such property; or (b) in the case of stock, or a thing in action, vesting in any person the right to transfer or call for a transfer of such stock, or to receive the dividends or income thereof, or to sue for
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