Timely modernisation
Series: Taxation ; 147(3813) 28 June 2001, 322-325(4)Publication details: 2001Subject(s): Summary: Discusses the provisions of the Trustee Act 2001, which came into force on 1 February 2001 and substantially alters the law surrounding the investment of trust assets, the acquisition and management of land, delegation, remuneration of trustees, insurance of trust assets, and the trustees' duties of care. Under s8 of the Act trustees are now empowered to acquire freehold or leasehold land in the UK and have the powers of an absolute owner in relation to that land or any other they hold. Trustees are not, however, able to purchase equitable interests or other interests such as rentcharges in land.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | X113535 (Browse shelf(Opens below)) | 1 | Available | 113535-1001 |
Discusses the provisions of the Trustee Act 2001, which came into force on 1 February 2001 and substantially alters the law surrounding the investment of trust assets, the acquisition and management of land, delegation, remuneration of trustees, insurance of trust assets, and the trustees' duties of care. Under s8 of the Act trustees are now empowered to acquire freehold or leasehold land in the UK and have the powers of an absolute owner in relation to that land or any other they hold. Trustees are not, however, able to purchase equitable interests or other interests such as rentcharges in land.