Hong Kong Ordinances

TRUSTEE ORDINANCE - SECT 4

Authorized investments

PART II

INVESTMENTS

(1) A trustee may invest any trust funds in his hands, whether at the time in
a state of investment or not-

   (a)  in any investment specified in the Second Schedule;

   (b)  in any other investment (including deposits in a bank outside Hong
        Kong) which may be authorized by the court on summary application for
        that purpose made in chambers. (Amended 9 of 1993 s. 7)

(2) Any application to the court made under subsection (1)(b) shall be made by
the trustee ex parte and shall be supported by affidavit.

(3) The Financial Secretary may from time to time by order published in the
Gazette amend the Second Schedule. (Amended 9 of 1993 s. 2) (Replaced 48 of
1968 s. 2)