Section 20
of International Trusts Order, 2000
ORDERIn forceProvision 20 of 109
Section 20
(1)
Where trustees are authorised by the trust instrument or by law to pay or apply capital money subject to the trust for any purpose or in any manner, they shall have power to raise the money required by sale, conversion, calling in, or mortgage or charge of all or any part of the trust property for the time being in possession.
(2)
The power to mortgage or charge conferred by subsection (1) shall be exercisable for the purpose of borrowing money in order to invest it unless this is expressly, generally, implicitly or specifically negated by the trust instrument.
Protection of purchasers and mortgagees dealing with trustees.