s 10
In forcePower of trustee as to calls on shares
Part IInvestments
10 Power of trustee as to calls on shares
Subject to the instrument creating the trust:
(a)
a trustee may apply capital money subject to a trust in payment of calls on shares subject to the same trust; and
(b)
if the trustee is a trustee company, it may exercise the powers conferred by this section notwithstanding the shares on which the calls are made being shares in the trustee company.
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.