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PART IVAGENTS NOMINEES AND CUSTODIANS

Supplementary

Effect of trustees exceeding their powers

24.  A failure by the trustees to act within the limits of the powers conferred by this Part—

(a)in authorising a person to exercise a function of theirs as an agent, or

(b)in appointing a person to act as a nominee or custodian,

does not invalidate the authorisation or appointment.