1985 Ed.]
Trustee
Section
2.
Short title
Interpretation
3.
Application
442
CHAPTER 29
TRUSTEE ORDINANCE
ARRANGEMENT OF SECTIONS
PART I
PRELIMINARY
PART II
INVESTMENTS
[CAP. 29
1
:
Retention of redeemable stocks until redemption
4.
Authorized investments
5.
6.
Discretion of trustees
7.
8.
9.
:
:
Retention of unauthorized investment
Investment in bearer securities
:
Loans and investments by trustees not chargeable as breaches of trust ...
Liability for loss by reason of improper investment
10.
11.
Powers supplementary to powers of investment
12.
Power to deposit at bank and to pay calls ...
PART III
:
GENERAL POWERS OF TRUSTEES AND PERSONAL REPRESENTATIVES
:
Page 5
5
7
7
10
General Powers
13.
Power of trustees for sale to sell by auction, etc.
14.
Power to sell subject to depreciatory conditions
11
15.
Power of trustees to give receipts
11
16.
Power to do other acts
12
17.
Powers of trustees of renewable leaseholds to renew and raise money for the purpose
12
18.
Power to raise money by sale, mortgage, etc.
13
19.
Protection to purchasers and mortgagees dealing with trustees
13
20.
21.
Power to insure
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***
22.
Devolution of powers or trusts
Application of insurance money where policy kept up under any trust, power or obligation
:
13
14
14
23.
Deposit of documents for sale custody
15
24.
Reversionary interests, valuations, and audit
15
25.
Power to employ agents
16
26.
Power to concur with others
17
27.
Power to delegate trusts
17
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: