Paragraph 10

purchase or otherwise acquire land for any of the purposes of this Act;

sell, lease or otherwise dispose of land so acquired;

borrow for any of the purposes of this Act in such manner and on such security as they may determine;

invest any monies not immediately required to meet expenses and other outlays of the Society in any investment in which trustees in Scotland are by law authorised to invest (but nothing in this sub-paragraph prevents the investment of any monies forming any part of any property held in trust for a special purpose in any class of investment authorised by the deed constituting the trust);

accept any gift of property for the purposes of the Society;

accept, hold and administer any gift of property or hold as trustees any property for any purpose which the Society consider to be for the benefit of solicitors in Scotland or their dependants or employees or any substantial body of such solicitors or dependants or employees; and

subject to the provisions of this Act exercise the functions formerly exercised by the General Council of Solicitors in Scotland.