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StatuteTrusts Act 2019

Section 150 — Trusts Act 2019: Financial products transferred to the Crown

Text of the provision Official document

150 Financial products transferred to the Crown (1) The Secretary to the Treasury may at any time sell, or convert into money, any financial products transferred to the Crown under section 149 . (2) All proceeds of any financial products transferred to the Crown under section 149 and all money received from any sale or conversion of financial products under section 149(4) or subsection (1) of this section are trust money.

Official source: legislation.govt.nz

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