Full legislation
s.56
Power of court to authorize dealing with trust property
Where in the management or administration of any property vested in trustees,
any sale, lease, mortgage, surrender, release, or other disposition, or any
purchase, investment, acquisition, expenditure, or other transaction, is in the
opinion of the court expedient, but the same cannot be effected by reason of the
absence of any power for that purpose vested in the trustees by the trust
instrument, if any, or by law, the court may by order confer upon the trustees,
either generally or in any particular instance, the necessary power for the purpose,
on such terms, and subject to such provisions and conditions, if any, as the court
may think fit and may direct in what manner any money authorized to be expended, and
the costs of any transaction, are to be paid or borne as between capital and
income.