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National Debt (Conversion) Act 1888
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- UK Public General Acts
- 1888 c. 2
- PART IV
- Section 27
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27Reinvestment by trustee
When any stock, converted or exchanged by virtue of this Act into new stock, is held by a trustee, such trustee shall be at liberty to sell the same, and to invest the proceeds arising from such sale in any of the securities for the time being authorised for the investment of cash under the control of the High Court, notwithstanding anything to the contrary contained in the instrument creating the trust.
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