40: Power to vary investments
The Trusts Act · Federal Acts · Chapter IV · in_force
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A trustee may, at his discretion, call in any trust property invested in any security and invest the same on any of the securities mentioned or referred to in section 20, and from time to time vary any such investments for others of the same nature: Provided that, where there is a person competent to contract and entitled at the time to receive the income of the trust property for his life, or for any greater estate, no such change of investment shall be made without his consent in writing.
Effective date: 1882-03-01
Related sections
39: Power to convey41: Power to apply property of minors, etc., for their maintenance, etc38: Power to sell under special conditions Power to buy in and re sell Time allowed for selling trust property42: Power to give receipts37: Power to sell in lots, and either by public auction or private contract43: Power to compound, etc
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