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PART IVAGENTS NOMINEES AND CUSTODIANS

Nominees and custodians

Power to appoint nominees

16.—(1) Subject to the provisions of this Part, the trustees of a trust may—

(a)appoint a person to act as their nominee in relation to such of the assets of the trust as they determine (other than settled land), and

(b)take such steps as are necessary to secure that those assets are vested in a person so appointed.

(2) An appointment under this section must be in or evidenced in writing.