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Trustee Act 2000

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38 Common investment schemes for charities etc.E+W

This section has no associated Explanatory Notes

Parts II to IV do not apply to—

(a)trustees managing a fund under a common investment scheme made, or having effect as if made, under [F1section 96 of the Charities Act 2011], other than such a fund the trusts of which provide that property is not to be transferred to the fund except by or on behalf of a charity the trustees of which are the trustees appointed to manage the fund, or

(b)trustees managing a fund under a common deposit scheme made, or having effect as if made, under [F2section 100] of that Act.

Textual Amendments

F1Words in s. 38(a) substituted (14.3.2012) by Charities Act 2011 (c. 25), s. 355, Sch. 7 para. 89(a) (with s. 20(2), Sch. 8)

F2Words in s. 38(b) substituted (14.3.2012) by Charities Act 2011 (c. 25), s. 355, Sch. 7 para. 89(b) (with s. 20(2), Sch. 8)

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