Victorian Current Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

TRUSTEE ACT 1958 - SECT 12

Power of trustee to retain investments

A trustee is not liable for breach of trust by reason only of retaining an investment that has ceased to be—

        (a)     an investment authorised by the instrument creating the trust; or

        (b)     an investment properly made by the trustee exercising a power of investment; or

        (c)     an investment made under this Act or a corresponding previous enactment; or

        (d)     an investment authorised by any other Act or the general law.

S. 12A substituted by No. 104/1995 s. 4.


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback