Contingency Fees Act, 1997
R 385.00
Administration of Estates Act, 1965 (Act No. 66 of 1965)Chapter II: Deceased Estates16. Letters of executorship and endorsements to or in favour of corporations |
If any person referred to in sub-section (1) of section fourteen or in sub-section (1) of section fifteen is a corporation, the relevant letters of executorship or endorsement, as the case may be, shall be granted or made—
| a) | to or in favour of any person who is an officer or director of the corporation and has been nominated by the testator or, if the testator has not nominated any person, by the corporation; and |
| b) | in the event of the death, resignation or dismissal of such person, or of his vacating for any reason the office with reference to which he has been so nominated, to or in favour of his successor in office so nominated, |
for whose acts and omissions as executor the corporation accepts liability.
