54: Co trustees may not lend to one of themselves
The Trusts Act · Federal Acts · Chapter V · in_force
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A trustee or co trustee whose duty it is to invest trust money on mortgage or personal security must not invest it on mortgage by, or on the personal security of, himself or one of his co trustees. OF THE RIGHTS AND LIABILITIES OF THE BENEFICIARY
Effective date: 1882-03-01
Related sections
53: Trustee may not buy beneficiary's interest without permission Trustee for purchase55: Rights to rents and profits52: Trustee for sale or this agent may not buy56: Right to specific execution Right to transfer of possession51: Trustee may not use trust property for his own profit57: Rights to inspect and take copies of instrument of trust, accounts, etc
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