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Trustee Act 2000, Part I is up to date with all changes known to be in force on or before 19 July 2016. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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(1)Whenever the duty under this subsection applies to a trustee, he must exercise such care and skill as is reasonable in the circumstances, having regard in particular—
(a)to any special knowledge or experience that he has or holds himself out as having, and
(b)if he acts as trustee in the course of a business or profession, to any special knowledge or experience that it is reasonable to expect of a person acting in the course of that kind of business or profession.
(2)In this Act the duty under subsection (1) is called “the duty of care”.
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Modifications etc. (not altering text)
Schedule 1 makes provision about when the duty of care applies to a trustee.
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