Section 3.13 To Borrow Money
| Library | Trusts and Powers 2013 Supp |
5. (§3.13) To Borrow Money
Section 456.8-816(5), RSMo Supp. 2005, provides the trustee with specific powers to “borrow money, with or without security, and mortgage or pledge trust property for a period within or extending beyond the duration of the trust.” The sole limitation on this borrowing is the ongoing obligation to comply with...
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