Common Fund as in the opinion of the Senior Master are properly chargeable against the Common Funds Guarantee and Reserve Account; (bb) Payments of any costs, expenses and charges S. 113(18)(bb) inserted by incurred in respect of— No. 30/2004 s. 3(10). (i) legal advice obtained in relation to a person, estate or trust; or (ii) legal proceedings to which a person, estate or trust is a party— as in the opinion of the Senior Master are properly chargeable against the Common Funds Guarantee and Reserve Account and not against a particular person, estate or trust because of the general interest and importance of the subject matter of the advice or proceedings; (c) Payments of such other costs, expenses and charges incurred in respect of a Common Fund or investments made from a Common Fund as in the opinion of the Senior Master are properly chargeable against the Common Funds Guarantee and Reserve Account. (19) Any money standing to the credit of the Common Funds Guarantee and Reserve Account which is not for the time being required for any of the purposes referred to in subsection (18) may be invested— (a) in any manner in which trust money may S. 113(19)(a) amended by be invested by a trustee under the Trustee No. 11/2001 Act 1958 or any other Act— s. 3(Sch. item 71.1 (b)(i)).
Common Fund as in the opinion of the Senior Master are properly chargeable against the Common Funds Guarantee and Reserve Account; S. 113(18)(bb) inserted by No. 30/2004 s. 3(10). (bb) Payments of any costs, expenses and charges incurred in respect of— (i) legal advice obtained in relation to a person, estate or trust; or (ii) legal proceedings to which a person, estate or trust is a party— as in the opinion of the Senior Master are properly chargeable against the Common Funds Guarantee and Reserve Account and not against a particular person, estate or trust because of the general interest and importance of the subject matter of the advice or proceedings; (c) Payments of such other costs, expenses and charges incurred in respect of a Common Fund or investments made from a Common Fund as in the opinion of the Senior Master are properly chargeable against the Common Funds Guarantee and Reserve Account. (19) Any money standing to the credit of the Common Funds Guarantee and Reserve Account which is not for the time being required for any of the purposes referred to in subsection (18) may be invested— S. 113(19)(a) amended by No. 11/2001 s. 3(Sch. item 71.1 (b)(i)). (a) in any manner in which trust money may be invested by a trustee under the Trustee Act 1958 or any other Act—
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