New Zealand Legislation: Acts

13 Powers of Council to deal with property and to invest money

• (1) The Council may purchase, take on lease, or otherwise acquire, sell, lease, or otherwise dispose of, and improve, manage, develop, exchange, turn to account, or otherwise deal with any real or personal property on behalf of the Society, if authorised to do so by the rules of the Society, or by a resolution passed at a general meeting of the Society.

  (2) The Council may invest any money of the Society in any manner in which trustees are for the time being authorised to invest trust funds.

  Compare: 1955 No 101 s 120

  Section 13 was substituted, as from 30 March 1987, by section 3 Law Practitioners Amendment Act 1987 (1987 No 35).