A person may not be appointed as a nominee or custodian unless:

(a)they carry on a business which consists of or includes acting as a nominee or custodian;

(b)it is a body corporate controlled by the personal representatives;58 or

(c)it is a body corporate recognised under AJA 1985, s. 9.59

Personal representatives may appoint one of their number if that one is a trust corporation, or two (or more) of their number if they are to act jointly.60 The same person may be appointed nominee and custodian and agent.61

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