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Trustee Act (Northern Ireland) 2001

Commentary on Clauses

Part IV: Agents, Nominees and Custodians

Section 17: Power to appoint custodians

Section 17 confers a power to appoint a person to act as custodian undertaking the safe custody of assets of the trusts or documents or records concerning the assets. That definition of a custodian is found in section 17(2). Again, this appointment must be made in or evidenced in writing.

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Explanatory Notes

Text created by the Northern Ireland Assembly department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes accompany all Acts of the Northern Ireland Assembly.

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