Queensland Consolidated Acts

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GOVERNMENT INSCRIBED STOCK ACT 1920 - SECT 6

6 Power to trustees and others to invest in stock

Government inscribed stock sold or issued is hereby declared to be for all purposes a government security, and all persons may invest in the purchase of such stock any property held by them, whether as trustees or otherwise, which they are not expressly forbidden to invest in government stock or securities, without on that account being liable for a breach of trust and without incurring any liability whatsoever, provided that such investment is in other respects reasonable and proper.



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