(1) Where in relation to a scheme or trust RAC, there are no trustees or the trustees cannot be found, the Board may, if it considers it desirable to do so, by order under its seal -
(a) appoint a new trustee or new trustees of the scheme or trust RAC in substitution, where appropriate, for any existing trustee or trustees; and
(b) vest, subject where necessary to transfer in the books of any bank, corporation or company, the assets of the scheme or trust RAC in the persons appointed trustees of the scheme or trust RAC by the order.
(2) The Board shall, not later than 21 days after the date of an order under this section, publish a notice in a daily newspaper published in and circulating throughout the State giving particulars of the order.
(a) [deleted]
(b)[deleted]
(3) Every trustee of a scheme or trust RAC appointed under this section shall, as well before as after the resources of the scheme or trust RAC become by law vested in him, have the same powers, authorities and discretions
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