Trustee Act, 1925
[15 Geo. 5. Ch. 19.]
A.D. 1925.
ARRANGEMENT OF SECTIONS
| Part I. Investments. | |
| Section | |
| 1. | Authorised investments. |
| 2. | Purchase at a premium of redeemable stocks; change of character of investment. |
| 3. | Discretion of trustees. |
| 4. | Power to retain investment which has ceased to be authorised. |
| 5. | Enlargement of powers of investment. |
| 6. | Power to invest in land subject to drainage charges. |
| 7. | Investment in bearer securities. |
| 8. | Loans and investments by trustees not chargeable as breaches of trust. |
| 9. | Liability for loss by reason of improper investment. |
| 10. | Powers supplementary to powers of investment. |
| 11. | Power to deposit money at bank and to pay calls. |
| Part II. General Powers of Trustees and Personal Representatives. | |
| General Powers. | |
| 12. | Power of trustees for sale to sell by auction, &c. |
| 13. | Power to sell subject to depreciatory conditions. |
| 14. | Power of trustees to give receipts. |
| 15. | Power to compound liabilities. |
| 16. | Power to raise money by sale, mortgage, &c. |
| 17. | Protection to purchasers and mortgagees dealing with trustees. |
| 18. | Devolution of powers or trusts. |
| 19. | Power to insure. |
| 20. | Application of insurance money where policy kept up under any trust, power or obligation. |
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