The Official Trustee may invest or retain invested money belonging to any trust and coming to his hands in any investments authorised by the trust instrument or (save as otherwise provided by that instrument) authorised by law for the investment of trust funds or in fixed deposits with 3[any nationalised bank, or by way of bonds, securities or units through nationalised bank, organisation or broker after taking brokerage or incentive against the said investment, if applicable and may (save as so provided) retain any investment existing at the date of the commencement of the trust: provided that, he shall not invest in or hold any investment in such manner as to expose himself to liability as the holder thereof, unless he is satisfied that he is fully indemnified or secured against loss.]
Section 25: Mode of investment of trust monies
The Official Trustees (Maharashtra) Rules, 1971State Rules of Maharashtra · 1913
Where this provision sits
| Act | The Official Trustees (Maharashtra) Rules, 1971 |
|---|---|
| Section | 25 |
| Marginal note | Mode of investment of trust monies |
| Jurisdiction | State of Maharashtra |
| Status | In force as published by the source |
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