section 9
Power of Official Trustee to invest moneys vested in him
The Sir Currimbhoy Ebrahim Baronetcy (Repeal and Distribution of Trust Properties) Act, 1959Civil195914 sections
Statutory text
The Official Trustee may invest any moneys which are vested in him, or which become vested in him hereafter, for the management and distribution of the said trust properties, in any such promissory notes, debentures, stocks, funds, or other securities of, or the principal and interest of which is guaranteed by, the Central Government or the State Government, and shall be at liberty as often as the same shall be necessary or thought proper by him to alter, vary and change such promissory notes, debentures, stocks, funds and securities for others of the same or like nature.
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