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.
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