TASIn ForceAct
Trustee Act 1898
11Calls on shares
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### 11 Calls on shares
> [*\[Section 11 Substituted by No. 64 of 1997, s. 4, Applied:01 Apr 1998\]*](/view/html/inforce/1998-04-01/act-1997-064#GS4@EN) Subject to the provisions of any instrument creating a trust –
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> > > (a) a trustee may apply capital money subject to the trust in payment of calls on shares subject to the same trust; and
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> > > (b) if the trustee is a trustee company, it may exercise the powers conferred by this section whether or not the shares on which the calls are made are shares in the trustee company.