Does a trustee have to intervene before a trustee intervenes in the transaction?
Alberta, Canada
The following excerpt is from Buckham v. Royal Bank of Canada, 1976 CanLII 320 (AB QB):
The facts in the case of Hunt v. Fripp, supra, cited by counsel for the respondent are virtually on all fours with the facts of the present case. It was held there that once the assignment has been served on the executors the transaction is complete even where the trustee intervenes before the bequeathed property has reached the hands of the bona fide equitable assignee.
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