In the case of trusts to which the Trusts of Land and Appointment of Trustees Act 1996 does not apply1, where trustees are authorised by the instrument, if any, creating the trust, or by law, to pay or apply capital money subject to the trust for any purpose or in any manner, they have power to raise the money by mortgage of all or any part of the trust property for the time being in possession2. This power is available notwithstanding anything to the contrary contained
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234