50CPowers of Public Trustee in respect of group investment funds

50C Powers of Public Trustee in respect of group investment funds

*[Section 50C Inserted by No. 3 of 1987, s. 7 ]*Subject to this Part, the Public Trustee may exercise, in respect of the investments and money forming part of a group investment fund –

(a) all the powers which he could exercise if the investments and money were not part of a group investment fund; and

(b) such further powers as may be conferred on the Public Trustee by the Court, being powers which could be conferred on the Public Trustee by the Court if the investments and money were not part of a group investment fund.