Part VI

Miscellaneous and Supplementary

Interpretation
39
1
In this Act—
- “asset” includes any right or interest;
- “charitable trust” means a trust under which property is held for charitable purposes and “charitable purposes” has the same meaning as in the Charities Act 1993;
- “custodian trustee” has the same meaning as in the Public Trustee Act 1906;
- “enactment” includes any provision of a Measure of the Church Assembly or of the General Synod of the Church of England;
- “exempt charity” has the same meaning as in the Charities Act 1993;
- “functions” includes powers and duties;
- “legal mortgage” has the same meaning as in the Law of Property Act 1925;
- “personal representative” has the same meaning as in the Trustee Act 1925;
- “settled land” has the same meaning as in the Settled Land Act 1925;
- “trust corporation” has the same meaning as in the Trustee Act 1925;
- “trust funds” means income or capital funds of the trust.
2
In this Act the expressions listed below are defined or otherwise explained by the provisions indicated—
asset management functions | section 15(5)
custodian | section 17(2)
the duty of care | section 1(2)
the general power of investment | section 3(2)
lay trustee | section 28(6)
power of intervention | section 22(4)
the standard investment criteria | section 4(3)
subordinate legislation | section 6(3)
trustee acting in a professional capacity | section 28(5)
trust instrument | sections 6(2) and 35(2)(a)
1993 c. 10.
1906 c. 55.
1993 c. 10.
1925 c. 20.
1925 c. 19.
1925 c. 18.
1925 c. 19.