Trustee Act 1925
Trustee Act 1925 (1925 c. 19)
- Trustee Act 1925 (1925 c. 19)
- Part I Investments
- 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 2 Purchase at a premium of redeemable stocks; change of character of investment.
- 3 Discretion of trustees.
- 4 Power to retain investment which has ceased to be authorised.
- 5 Enlargement of powers of investment.
- 6 Power to invest in land subject to drainage charges.
- 7 Investment in bearer securities.
- 8 Loans and investments by trustees not chargeable as breaches of trust.
- 9 Liability for loss by reason of improper investment.
- 10 Powers supplementary to powers of investment.
- 11 Power to deposit money at bank and to pay calls.
- Part II General Powers of Trustees and Personal Representatives
- General Powers
- 12 Power of trustees for sale to sell by auction, &c.
- 13 Power to sell subject to depreciatory conditions.
- 14 Power of trustees to give receipts.
- 15 Power to compound liabilities.
- 16 Power to raise money by sale, mortgage, &c.
- 17 Protection to purchasers and mortgagees dealing with trustees.
- 18 Devolution of powers or trusts.
- 19 Power to insure.
- 20 Application of insurance money where policy kept up under any trust, power or obligation.
- 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 22 Reversionary interests, valuations and audit.
- 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 24 Power to concur with others.
- 25 Delegation of trustee’s functions by power of attorney.
- Indemnities
- 26 Protection against liability in respect of rents and covenants.
- 27 Protection by means of advertisements.
- 28 Protection in regard to notice.
- 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 30 Implied indemnity of trustees.
- Maintenance, Advancement and Protective Trusts
- 31 Power to apply income for maintenance and to accumulate surplus income during a minority.
- 32 Power of advancement.
- 33 Protective trusts.
- Part III Appointment and Discharge of Trustees
- 34 Limitation of the number of trustees.
- 35 Appointments of trustees of settlements and and trustees of land.
- 36 Power of appointing new or additional trustees.
- 37 Supplemental provisions as to appointment of trustees.
- 38 Evidence as to a vacancy in a trust.
- 39 Retirement of trustee without a new appointment.
- 40 Vesting of trust property in new or continuing trustees.
- Part IV Powers of the Court
- Appointment of new Trustees
- 41 Power of court to appoint new trustees.
- 42 Power to authorise remuneration.
- 43 Powers of new trustee appointed by the court.
- Vesting Orders
- 44 Vesting orders of land.
- 45 Orders as to contingent rights of unborn persons.
- 46 Vesting order in place of conveyance by infant mortagee.
- 47 Vesting order consequential on order for sale or mortgage of land.
- 48 Vesting order consequential on judgment for specific performance, &c.
- 49 Effect of vesting order.
- 50 Power to appoint person to convey.
- 51 Vesting orders as to stock and things in action.
- 52 Vesting orders of charity property.
- 53 Vesting orders in relation to infant’s beneficial interests.
- 54 Jurisdiction in regard to mental patients.
- 55 Orders made upon certain allegations to be conclusive evidence.
- 56 Application of vesting order to property out of England.
- Jurisdiction to make other Orders
- 57 Power of court to authorise dealings with trust property.
- 58 Persons entitled to apply for orders.
- 59 Power to give judgment in absence of a trustee.
- 60 Power to charge costs on trust estate.
- 61 Power to relieve trustee from personal liability.
- 62 Power to make beneficiary indemnify for breach of trust.
- Payment into Court
- 63 Payment into court by trustees.
- 63A Jurisdiction of County Court.
- Part V General Provisions
- 64 Application of Act to Settled Land Act Trustees.
- 65 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 66 Indemnity to banks, &c.
- 67 Jurisdiction of the “court.”
- 68 Definitions.
- 69 Application of Act.
- 70 Enactments repealed.
- 71 †Short title, commencement, extent.
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