New South Wales Consolidated Acts

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TRUSTEE ACT 1925 - SECT 25

Continued holding

25 Continued holding

(1) A trustee shall not be liable for breach of trust by reason only of the trustee's continuing to hold an investment which has ceased to be an investment authorised by the instrument, if any, creating the trust or by law.
(2) This section applies to investments made either before or after the commencement of this Act.



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