# Trustee Act 1925, Section 11: Power to deposit money at bank and to pay calls.

Extent: E+W

(1) Trustees may, pending the negotiation and preparation of any mortgage or charge, or during any other time while an investment is being sought for, pay any trust money into a bank to a deposit or other account, and all interest, if any, payable in respect thereof shall be applied as income.
(2) Trustees may apply capital money subject to a trust in payment of the calls on any shares subject to the same trust.

---
Source: https://www.legislation.gov.uk/ukpga/Geo5/15-16/19/section/11 (the official version)
Page: https://openlegislation.uk/trustee-act-1925/section-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.