Full legislation
s.11
Powers supplementary to powers of investment
Trustees lending money on the security of any property on which they can
lawfully lend may contract that such money shall not be called in during any period
not exceeding 7 years from the time when the loan was made, provided interest be
paid within a specified time not exceeding 30 days after every half-yearly or other
day on which it becomes due, and provided there be no breach of any covenant by the
mortgagor contained in the instrument of mortgage or charge for the maintenance and
protection of the property.