public trustee

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A state official in charge of the Public Trust Office, a trust corporation set up for certain statutory purposes. Being a corporation sole, the office exists irrespective of the person performing it. He or she may act as administrator of small estates, as trustee for English trusts where required, and as receiver when directed to do so by a court. Another duty is to hold funds of registered Friendly Societies and trade unions.

Subjects: Business and Management — Law.

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