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Trustee Act 2000 (c. 29)Introductory TextPart I The Duty of Care (ss. 1-2)1. The duty of care2. Application of duty of carePart II Investment (ss. 3-7)3. General power of investment4. Standard investment criteria5. Advice6. Restriction or exclusion of this Part etc7. Existing trustsPart III Acquisition of Land (ss. 8-10)8. Power to acquire freehold and leasehold land9. Restriction or exclusion of this Part etc10. Existing trustsPart IV Agents, nominees and custodians (ss. 11-27)Agents (ss. 11-15)11. Power to employ agents12. Persons who may act as agents13. Linked functions etc14. Terms of agency15. Asset management: special restrictionsNominees and custodians (ss. 16-20)16. Power to appoint nominees17. Power to appoint custodians18. Investment in bearer securities19. Persons who may be appointed as nominees or custodians20. Terms of appointment of nominees and custodiansReview of and liability for agents, nominees and custodians etc. (ss. 21-23)21. Application of sections 22 and 2322. Review of agents, nominees and custodians etc23. Liability for agents, nominees and custodians etcSupplementary (ss. 24-27)24. Effect of trustees exceeding their powers25. Sole trustees26. Restriction or exclusion of this Part etc27. Existing trustsPart V Remuneration (ss. 28-33)28. Trustee's entitlement to payment under trust instrument29. Remuneration of certain trustees30. Remuneration of trustees of charitable trusts31. Trustees' expenses32. Remuneration and expenses of agents, nominees and custodians33. ApplicationPart VI Miscellaneous and Supplementary (ss. 34-43)34. Power to insure35. Personal representatives36. Pension schemes37. Authorised unit trusts38. Common investment schemes for charities etc39. Interpretation40. Minor and consequential amendments etc41. Power to amend other Acts42. Commencement and extent43. Short titleSchedule 1 Application of duty of care (paras. 1-7)Schedule 2 Minor and consequential amendments (paras. 1-57)Schedule 2, Part I The Trustee Investments Act 1961 and the Charities Act 1993 (paras. 1-2)Schedule 2, Part II Other Public General Acts (paras. 3-49)Schedule 2, Part III Measures (paras. 50-57)Schedule 3 Transitional provisions and savings (paras. 1-8)Schedule 4 RepealsSchedule 4, Part I The Trustee Investments Act 1961 and the Charities Act 1993Schedule 4, Part II Other repeals
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Published date: 23 November 2000

Trustee Act 2000 (c. 29)

Introductory Text
Part I The Duty of Care (ss. 1-2)
1. The duty of care
2. Application of duty of care
Part II Investment (ss. 3-7)
3. General power of investment
4. Standard investment criteria
5. Advice
6. Restriction or exclusion of this Part etc
7. Existing trusts
Part III Acquisition of Land (ss. 8-10)
8. Power to acquire freehold and leasehold land
9. Restriction or exclusion of this Part etc
10. Existing trusts
Part IV Agents, nominees and custodians (ss. 11-27)
Agents (ss. 11-15)
11. Power to employ agents
12. Persons who may act as agents
13. Linked functions etc
14. Terms of agency
15. Asset management: special restrictions
Nominees and custodians (ss. 16-20)
16. Power to appoint nominees
17. Power to appoint custodians
18. Investment in bearer securities
19. Persons who may be appointed as nominees or custodians
20. Terms of appointment of nominees and custodians
Review of and liability for agents, nominees and custodians etc. (ss. 21-23)
21. Application of sections 22 and 23
22. Review of agents, nominees and custodians etc
23. Liability for agents, nominees and custodians etc
Supplementary (ss. 24-27)
24. Effect of trustees exceeding their powers
25. Sole trustees
26. Restriction or exclusion of this Part etc
27. Existing trusts
Part V Remuneration (ss. 28-33)
28. Trustee's entitlement to payment under trust instrument
29. Remuneration of certain trustees
30. Remuneration of trustees of charitable trusts
31. Trustees' expenses
32. Remuneration and expenses of agents, nominees and custodians
33. Application
Part VI Miscellaneous and Supplementary (ss. 34-43)
34. Power to insure
35. Personal representatives
36. Pension schemes
37. Authorised unit trusts
38. Common investment schemes for charities etc
39. Interpretation
40. Minor and consequential amendments etc
41. Power to amend other Acts
42. Commencement and extent
43. Short title
Schedule 1 Application of duty of care (paras. 1-7)
Schedule 2 Minor and consequential amendments (paras. 1-57)
Schedule 2, Part I The Trustee Investments Act 1961 and the Charities Act 1993 (paras. 1-2)
⚠ Schedule 2, Part II Other Public General Acts (paras. 3-49)
Schedule 2, Part III Measures (paras. 50-57)
Schedule 3 Transitional provisions and savings (paras. 1-8)
Schedule 4 Repeals
Schedule 4, Part I The Trustee Investments Act 1961 and the Charities Act 1993
Schedule 4, Part II Other repeals
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