25. Power of appointing new trustees. - Most instruments creating trusts 2. Private trustees. -Any person or corporation may hold property as trustee, but as persons under disability (such as infants and married women) are unable to exercise many of the powers annexed to the office, they are rarely appointed trustees. (See TRUSTEE ACTS.) Corporations, moreover, cannot, as a rule, hold contain a power of appointing new trustland without the license of the govern-ees; the power is generally vested either ment, and therefore are unfit to be trustees of land; they also cannot be cestuis que trust of land without such license. Lew. Trusts 28, 36. See MORTMAIN. 23. Devolution of office. -The office of a trustee is a personal one, and does not necessarily devolve or pass with the trust property. If one of several trustees dies, the office devolves on the survivors; the property also passes to the survivors, trustees being always made joint tenants. (Wms. Real Prop. 136. See JOINT TENANCY, 29.) Formerly, when a sole trustee died, the property passed to his heir or devisee if it was realty, or to his personal representatives or legatee if it was personalty. This rule was recently altered, in England, as regards bare trustees, (Stats. 38 and 39 Vict. c. 87, s. 48, repealing Stat. 37 and 38 Vict. c. 78, s. 4, both repealed by the Conin the beneficiaries (cestuis que trust) or some of them, or in the trustees themselves, including the last survivor and his executors or administrators. As regards any instrument executed in England after 28th August, 1860, under which there is no person having a power of appointing new trustees, and able and willing to act, a power of appointing new trustees to supply any vacancy by death, retirement, &c., was, by the Trustees and Mortgagees Clauses Act (Stat. 23 and 24 Vict. c. 145), vested in the surviving or continuing trustees or trustee, or the acting executors or administrators of the last surviving or continuing trustee, or the last retiring trustee. (Wms. Real Prop. 176.) These provisions have been extended by the Conveyancing Act, 1881, § 31 et seq., which also provides for the vesting of the trust property in the