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Trusts and Succession (Scotland) Act 2024

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Changes over time for: Section 1

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Point in time view as at 26/06/2024. This version of this provision is prospective. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the Trusts and Succession (Scotland) Act 2024, Section 1. Help about Changes to Legislation

Prospective

1Appointment of additional or new trustee by court: generalS
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(1)The court may, as regards any trust—

(a)on the application of one or more of the trustees or of any person with an interest in the trust property, appoint an additional trustee if the court considers it necessary to do so for the administration of the trust, or

(b)if no capable trustee exists or is traceable, appoint a new trustee on the application of any person with an interest in the trust property.

(2)The court ceases to have power at common law to appoint a trustee.

(3)The making of an appointment under subsection (1)(b) removes any existing trustee from the office of trustee.

(4)This section applies irrespective of when the trust was created.

Commencement Information

I1S. 1 not in force at Royal Assent, see s. 88(3)

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