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Trustee Companies Act 1953
28Power of trustee company to make advances to beneficiaries
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28 Power of trustee company to make advances to beneficiaries
Where an estate is committed to the administration or management of a trustee company, the company may, pending the realization of the estate, make out of its own funds such advances, upon and subject to such conditions, as it thinks fit, to a person who is entitled, whether absolutely or contingently, to the whole or a share of the estate.