Section 4 Power to retain investment which has ceased to be authorised.C1
England and Wales
A trustee shall not be liable for breach of trust by reason only of his continuing to hold an investment which has ceased to be an investment authorised by the trust instrument or by the general law.
Annotations
Modifications
- C1
S. 4 excluded by Trustee Investments Act 1961 (c. 62), s. 3(4), Sch. 3 para. 2