https://www.taxtmi.com/caselaws?id=97598 An executor's office is personal and non-assignable, so a company scheme could not validly transfer executor rights or duties to National or entitle National to probate. Any scheme clause purporting to prohibit Grindlays from continuing as plaintiffs was ineffective because it could not override duties and powers enforceable under the general law. Grindlays also remained a trust corporation, as its status depended on the prescribed capital structure and not on the extent of beneficial assets held. The scheme therefore could not displace Grindlays as executors or disqualify it from probate. en-us Thu, 31 Jul 1958 00:00:00 +0530 Fri, 16 Feb 2018 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97598 An executor's office is personal and non-assignable, so a company scheme could not validly transfer executor rights or duties to National or entitle National to probate. Any scheme clause purporting to prohibit Grindlays from continuing as plaintiffs was ineffective because it could not override duties and powers enforceable under the general law. Grindlays also remained a trust corporation, as its status depended on the prescribed capital structure and not on the extent of beneficial assets held. The scheme therefore could not displace Grindlays as executors or disqualify it from probate. Case-Laws Companies Law Thu, 31 Jul 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97598