NTIn ForceAct
Trustee Act 1893
10Power of trustee as to calls on shares
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10 Power of trustee as to calls on shares Subject to the instrument creating the trust: (a) a trustee may apply capital money subject to a trust in payment of calls on shares subject to the same trust; and (b) if the trustee is a trustee company, it may exercise the powers conferred by this section notwithstanding the shares on which the calls are made being shares in the trustee company.
Proclamation in the Government Gazette 6