VICIn ForceAct
Trustee Act 1958
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 despite the shares on which the calls are made being shares in the trustee company.
S. 11 substituted by No. 104/1995 s. 4.