Section 22Part 1 — Trusts Act
Power to raise money by sale, mortgage or otherwise
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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 shall have and shall be deemed always to have had power to raise the money required by sale, conversion, calling in or mortgage of all or any part of the trust property for the time being in possession.
Subsection (1) applies notwithstanding anything to the contrary contained in the instrument, if any, creating the trust.