s 21
In forceInvestment of money
Part VInvestment of estate funds and common funds
21 Investment of money
(1) Subject to this and any other Act and to a trust instrument or court order, the Public Trustee must invest estate or trust money:
(a)
in a manner authorised by the trust instrument;
(b) in a manner in which a trustee may lawfully invest trust money; or
(c)
in one or more common funds.
(2) Subject to this and any other Act, the Public Trustee may invest money on behalf of another person:
(a)
in a manner authorised by the person;
(b) in a manner in which a trustee may lawfully invest trust money; or
(c)
in one or more common funds.
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