Part XIV - AMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC. (From Section 156 to Section 189)
Trust investment powers clarified: trustees may invest as expressly authorised by the trust instrument or in specified securities. Amendment revises trustee investment authority to permit investments either when expressly authorised by the instrument of trust or in specified securities or classes thereof, and removes a proviso phrase that had limited the proviso to those listed securities, thereby simplifying the statute's allocation of investment authority between the trust instrument and permitted securities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Trust investment powers clarified: trustees may invest as expressly authorised by the trust instrument or in specified securities.
Amendment revises trustee investment authority to permit investments either when expressly authorised by the instrument of trust or in specified securities or classes thereof, and removes a proviso phrase that had limited the proviso to those listed securities, thereby simplifying the statute's allocation of investment authority between the trust instrument and permitted securities.
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