Mortgage of pledged land: trust law allows mortgage investments and small trust deposits in government savings banks. Trustees retain the ability to invest in a mortgage on immovable property already pledged as security for an advance under the Land Improvement Act, 1871, and, for small trust funds, may deposit trust money in a Government Savings Bank as an exception to section 20.
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Provisions expressly mentioned in the judgment/order text.
Mortgage of pledged land: trust law allows mortgage investments and small trust deposits in government savings banks.
Trustees retain the ability to invest in a mortgage on immovable property already pledged as security for an advance under the Land Improvement Act, 1871, and, for small trust funds, may deposit trust money in a Government Savings Bank as an exception to section 20.
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