International Trusts Order, 2000 · s 20

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s 20Power to raise money by sale, mortgage or otherwise

(1)

Where trustees are authorised by the trust instrument or by law to pay or apply capital money subject to the trust for any purpose or in any manner, they shall have power to raise the money required by sale, conversion, calling in, or mortgage or charge of all or any part of the trust property for the time being in possession.

(2)

The power to mortgage or charge conferred by subsection (1} shall be exercisable for the purpose of borrowing money in order to invest it unless this is expressly, generally, implicitly or specifically negated by the trust instrument.