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Trustee Act 2000. Elizabeth II. Chapter 29.
- Format:
- Corporate Author:
- Great Britain
- Publisher:
- TSO (The Stationery Office)
This Act implements the changes in the law of England and Wales recommended in the report by the Law Commission and the Scottish Law Commission, Trustees Powers and Duties, 1999. The principal change will be the creation of a new wider statutory power of investment to replace the present limited power under the Trustee Investment Act 1961. A range of new powers are intended to facilitate the better administration of trusts and to enable trustees to take full advantage of the wider investment opportunities now open to them, whilst protecting the interests of beneficiaries against abuse. These new powers include power to: appoint agents, nominees and custodians; insure trust property; and pay professional trustees. The new powers will only apply to the extent that the trust instrument permits.
Extent | ii, 30p. | ISBN | 9780105429005 |
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Size | N/A | Price | £13.57 |
Format | Paperback | Published | 01 Dec 2000 |
Availability | Black and white copy, 1-3 days | Delivery | Delivery options and charges |