South Australian Current Acts South Australian Current Acts23—Power to take mortgage for part purchase money
(1) A trustee on the
sale of trust property may leave unpaid purchase-money thereof invested upon
the security of the property sold to the extent to which, if the trustee were
not the vendor thereof, such property would be a proper security for the
investment of the trust funds.
(2) This section
applies to trusts whether created before or after the commencement of this
Act.