Australian Capital Territory Current Acts

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TRUSTEE ACT 1925 - SECT 17

Accepting a short title

A trustee shall not be chargeable with breach of trust upon the ground only that in effecting the purchase of or in lending money upon the security of any property he or she has accepted a shorter title than the title which a purchaser is, in the absence of a special condition, entitled to require, if in the opinion of the Supreme Court the title accepted be such as a person acting with prudence and caution would have accepted.



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