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Bylaws of Mitchell Hutchins Securities Trust Form

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in this video we're going to be continuing with our discussion about the variation of trust and specifically we're going to be looking at the statutory powers associated with the variation of trusts so firstly the variation of powers of investment and section 57 of the trustees act 1925 says the following 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 affected 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 authoriz

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