Section 42Part 1 — Trusts Act
Power to deposit money at bank and to pay calls
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Trustees may, pending the negotiation and preparation of any mortgage or charge, or during any other time while an investment is being sought for, pay any trust money into a bank to a deposit or other account, and all interest, if any, payable in respect thereof shall be applied as income.
Trustees may apply capital money subject to a trust in payment of the calls on any shares subject to the same trust. Protection and Indemnity of Trustees