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(1)An arrangement referred to in section 58(1) or 62(1) may be made without the agreement of the truster unless that person is, other than by virtue of being the truster, a beneficiary or potential beneficiary of the trust.
(2)This section—
(a)applies irrespective of when the trust was created, but
(b)does not apply as respects a private purpose trust or a public trust.
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Text created by the Scottish Government to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills.
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