InterpretationN.I.
43.—(1) In this Act—
“asset” includes any right or interest;
“asset management function” has the meaning given in section 15(5);
“charitable trust” means a trust under which property is held for charitable purposes and “charitable purposes” has the same meaning as in [F1the Charities Act (Northern Ireland) 2008] ;
“custodian” has the meaning given by section 17(2);
“the duty of care” has the meaning given by section 1(2);
“the general power of investment” has the meaning given by section 3(2);
“personal representative” has the same meaning as in the Trustee Act (Northern Ireland) 1958 (c.23);
“settled land” has the same meaning as in the Settled Land Act 1882 (c.38);
“statutory provision” has the same meaning as in section 1(f) of the Interpretation Act (Northern Ireland) 1954 (c.33);
“trust corporation” has the same meaning as in the Trustee Act (Northern Ireland) 1958 (c.23);
“trust funds” means income or capital funds of the trust.
(2) For the purposes of this Act, a statutory provision is not to be regarded as being, or as being part of, a trust instrument.
F1Words in s. 43(1) substituted (24.6.2013) by Charities Act (Northern Ireland) 2008 (c. 12), s. 185(1), Sch. 8 para. 8; S.R. 2013/145, art. 2, Sch.