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Section 49: Permitted investments

Trusts Act · PART VI: GENERAL POWERS OF TRUSTEES

consolidated text (as at 2012, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

49. Permitted investments (1) Subject to subsection (2), the terms of a trust may authorise the trustees to invest trust property in securities and investments with or without conditions or restrictions. (2) The powers of investment conferred by the terms of a trust do not derogate from the duties imposed on trustees under this Act. PART VII – BREACH OF TRUST

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