Restriction of trustee to the conditions and tasks assigned to him
245.
The trustee shall be restricted to the conditions and tasks assigned to him by the trusteeship deed, unless
they are in contravention of the law.
Type of trustee and multiplicity of trustees
246.
(1} A trustee may be male or female, alone or several and independent.
(2} Where the trustees are several, the judge may limit trusteeships to one of them, as the interest of the minor may
require.
Trustee's acceptance required
247.
(1} Execution of trusteeship shall depend on the trustee's acceptance.
(2} Trustee's exercise of his tasks shall be deemed acceptance thereby of trusteeship.
Trustee's waiver of trusteeship
248.
The trustee may waive trusteeship upon the judge's approval.
Chapter IV Dispositions of Trustee
Management of minor's property
249.
A trustee shall manage the property of the minor and care therefor, and shall exert therein such care, as he
may exert in management of the property of his own children.
Subjection of trustee's dispositions to judge's control
250.
Dispositions of the trustee shall be subject to the control of the competent judge.
Trustee bound to present periodical accounts
251.
The trustee shall be bond to present periodical accounts on his dispositions managing the property of the
minor as to such manner, as may be specified by the competent judge.
Business that trustee does not carry out without the judge's permission
252. The trustee shall not carry out the following business save upon permission of the competent judge and the
business is: (a)
disposal of the: (i)
property of minor by sale, purchase, barter, partnership mortgage or any other type of dispositions, which
transfer ownership, or entail a corporeal right;
(ii)
debentures and shares or any dividends thereof or in the movable property, unless it is little or feared to be
damaged;
(b)
assignment of debts of the minor, or acceptance of assignment thereto;
(c)
investment of the minor's property for his account;
(d)
borrowing for the minor;
(e)
hire the real estate of the minor;
(f)
acceptance of donations restricted by condition, or its rejection;
(g)
spending out of the property of the minor on those the maintenance of whom he is bound thereby;
(h)
satisfaction of obligations, from the estate, or from the minor;
(i)
admission of right on the minor, where it is of trustee's work;
(j)
reconciliation and arbitration;
(k)
waiver of the suit and non-use thereby of the modes of contest, whether normal or appellate.
Prevented dispositions
253. A trustee shall be prevented to carry out the following dispositions, namely: (a)
purchase of something of the minor's property or its hire to himself, his spouse, one of their ascendants or
descendants;
(b)
sell to the minor something of his own ownership, his spouse or one of their ascendants or one of their
descendants;
(c)
lend the money of the minor;
(d)
admission of right on the minor, where the same is not of his work.
Fee of trustee
254.
A trustee may request fee for his business, and the same shall be specified as from the date of request.
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