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Trustee Act 1925
50Deposit for safe custody
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50 Deposit for safe custody
(1) A trustee may deposit any documents held by him or her relating to
the trust, or the trust property, with any bank or with any incorporated
company whose business it is to undertake the safe custody of
documents.
(2) Any sum payable in respect of the deposit may be paid out of the
income of the trust property.