Section 24
of International Trusts Order, 2000
ORDERIn forceProvision 24 of 109
Section 24
(1)
Trustees may deposit any document held by them relating to the trust or to trust property, and any other chattel which is trust property, with any banker or banking company or any other company whose business includes the undertaking of the safe custody of documents or property.
(2)
Any sum payable in respect of such a deposit shall be paid out of the trust property or of other property held on the same trusts.
Reversionary interests, valuation and audit.