Trustee Act 2000
2000 CHAPTER 29
Commentary on Sections
Part 1: The duty of care
Section 2: Application of duty of care
14.Section 2 introduces Schedule 1 to the Act, which defines when the new duty will apply. In general terms the new duty will apply to any exercise by a trustee of a power to invest trust property or to acquire land; to appoint agents, nominees and custodians; or to insure trust property.
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