Power of trustee to retain investments

In force

A trustee is not liable for breach of trust by reason only of continuing to hold an investment that has ceased to be—

(a)

an investment authorised by the instrument creating the trust;

(b)

an investment properly made by the trustee exercising a power of investment; or

(c)

an investment made under this Part as previously in force from time to time; or

(d)

an investment authorised by any other Act or the general law.

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