This section is from the book "Canadian Banking Practice", by John T. P. Knight.
This section is from the "" book, by .
Question 502. - Where a client of a bank opens an account in his own name "in trust," and dies when the account is in funds, can his executor give a valid discharge to the bank by signing so and so "in trust" by his executor so and so?
Sub-section 2, section 96, Bank Act, does not state that a depositor's executor has this power; does it imply it?
Answer. - The fact that the testator was a trustee or that the account was in his name "in trust" does not alter the powers of the executor. It would be preferable that he should sign, not the testator's name, but his own as executor, adding the words "in trust."
 
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