Trustee Act (Northern Ireland) 2001

This section has no associated Explanatory Notes

6.  Renumber section 53 (tenant for life deemed to be in the position and to have the duties and liabilities of a trustee, etc.) as subsection (1) of that section and after that subsection insert—

(1A) The following provisions apply to the tenant for life as they apply to the trustees of the settlement—

(a)sections 11, 13 to 15 and 21 to 23 of the Trustee Act (Northern Ireland) 2001 (power to employ agents subject to certain restrictions),

(b)section 32 of that Act (remuneration and expenses of agents etc.),

(c)section 19 of the Trustee Act (Northern Ireland) 1958 (power to insure), and

(d)in so far as they relate to the provisions mentioned in paragraphs (a) and (c), Part I of, and Schedule 1 to, the Trustee Act (Northern Ireland) 2001 (the duty of care).