Western Australian Current Acts

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TRUSTEES ACT 1962 - SECT 48

48 .         Trust’s documents may be put in safe custody

                A trustee may deposit any document held by him relating to the trust, or to the trust property, with any bank or corporation whose business includes the undertaking of the safe custody of documents, and any sum payable in respect of any such deposit shall be paid out of the income of the trust property, and so far as there is no available income out of the capital of the trust property.

        [Section 48 amended: No. 1 of 1997 s. 10.]



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