Full text: Secretarial practice

272 SECRETARIAL PRACTICE 
latter, if not a trust corporation, cannot be appointed as 
attorney; the instrument must be filed at the Central Office; 
and it is only operative during the donor’s absence and is 
revoked by his return. The third party, however, is not 
affected by the latter restriction if he has no notice that the 
donor never left the country or has returned, and he may 
accept as conclusive a statutory declaration by the attorney 
that the power is in force; and companies are further protected 
by sub-section (10) which provides that ‘the fact that it 
appears from any power of attorney given under this section, 
or from any evidence required for the purposes of any such 
power of attorney or otherwise, that in dealing with any 
stock the donee of the power is acting in the execution of a 
trust shall not be deemed for any purpose to affect any person 
in whose books the stock is inscribed or registered with any 
notice of the trust.” (‘Stock’ includes fully paid shares, s. 68). 
(d) Executors Ihe expression ‘trustee’ in the Trustee Act, 1925, also 
and Admin- includes a personal representative (s. 68 (17) ); but an executor 
istrators. or administrator, like a trustee, can delegate purely ministerial 
powers, including power to collect debts due to the deceased 
[Vane v. Rigden (1870) L.R. 5 Ch. App. 663]. 
(¢) Com- The Companies Act 1929 confers the following powers of 
panies. delegation: — 
(i) A company may, by writing under its common seal, 
empower any person, either generally or in respect 
of any specified matters, as its attorney, to execute 
deeds on its behalf in any place not situate in the 
United Kingdom; and every deed signed by such 
attorney on behalf of the company, and under his 
seal, shall bind the company, and have the same 
effect as if it were under its common seal (s. 31). 
A company whose objects require or comprise the 
transaction of business in foreign countries may, if 
authorized by its articles, have for use in any territory, 
district, or place not situate in the United Kingdom, 
an official seal, and may by writing under its common 
seal, delegate power to affix such official seal to any 
deed or document to which the company is a party in 
that locality (s. 32). 
(iii) A corporation (whether a company within the 
meaning of the Act or not) if it is a member or creditor 
(including a debenture holder) of a company within 
the meaning of the Act, may by resolution of its 
directors or other governing body authorize any 
person to act as its representative at any meetings 
(i1)
	        
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