GUARDIANSHIP AND ADMINISTRATION ACT 2000 - SECT 51
Power to invest and continue investments
GUARDIANSHIP AND ADMINISTRATION ACT 2000 - SECT 51
Power to invest and continue investments
51 Power to invest and continue investments
(1) This section applies if an administrator for an adult has power to invest.
(2) The administrator may invest only in authorised investments.
(3) However,
if, when the administrator is appointed, the adult had investments that were
not authorised investments, the administrator may continue the investments,
including by taking up rights to issues of new shares, or options for new
shares, to which the adult becomes entitled by the adult’s existing
shareholding.
