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Trustees Act 1962
25Retained authorised investments, no liability for
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##### 25. Retained authorised investments, no liability for
A trustee is not liable for breach of trust by reason only of retaining an investment that has ceased to be —
(a) an investment authorised by the instrument creating the trust; or
(b) an investment properly made by the trustee exercising a power of investment; or
(c) an investment made under this Act or a corresponding previous enactment; or
(d) an investment authorised by any other Act or the general law.
[Section 25 inserted: No. 1 of 1997 s. 6.]