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TRUSTEE ACT (NORTHERN IRELAND) 1958 - SECT 5 

Redeemable bond insurance policies.

5. A trustee may effect redeemable bond insurance policies against redemption
by drawing of bonds at a price less than current or cost price, and may, at
his discretion and without obtaining the consent of any other person, pay the
premiums on such policies

(a)out of the income of the bonds or out of the income of any other property
subject to the same trusts; or

(b)out of the capital of the bonds or out of the capital of any other property
subject to the same trusts; or

(c)partly out of such income and partly out of such capital.

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© 1958 Crown Copyright

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