Chapter V — OF THE DISABILITIES OF TRUSTEES

Section 54Co-trustees may not lend to one of themselves

Section 54: Co-trustees may not lend to one of themselves

54. Co-trustees may not lend to one of themselves

A trustee or co-trustee whose duty it is to invest trust-money on mortgage or personal security must not invest it on a mortgage by, or on the personal security of, himself or one of his co -trustees.