20A. Power to purchase redeemable stock at a premium
20A. Power to purchase redeemable stock at a premium.—(1) A trustee may invest in any of the securities mentioned or referred to in section 20, notwithstanding that the same may be redeemable and that the price exceeds the redemption value:
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(2)
A trustee may retain until redemption any redeemable stock, fund or security which may have been purchased in accordance with this section.
Amendment notes (2)
- Ins . Ins. by Act 1 of 1916, s. 3.
- omitted w.e.f. 17-4-2017 . The proviso omitted by Act 34 of 2016, s. 3 (w.e.f. 17-4-2017).