Section 40: Power to vary investments.

The Indian Trusts Act, 1882Central Act · Act 2 of 1882

A trustee may, at his discretion, call in any trust-property invested in any security and invest the same on any of the securities mentioned or referred to in section 20, and from time to time vary any such investments for others of the same nature:

Provided that, where there is a person competent to contract and entitled at the time to receive the income of the trust-property for his life, or for any greater estate, no such change of investment shall be made without his consent in writing.

Where this provision sits

Act	The Indian Trusts Act, 1882
Section	40
Marginal note	Power to vary investments.
Jurisdiction	Central
Status	In force as published by the source

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