Decisions of the trustees of a trust scheme1 may, unless the scheme provides otherwise, be taken by agreement of a majority of the trustees2. Where decisions of the trustees of a trust scheme may be taken by agreement of a majority of the trustees:
(1) the trustees may, unless the scheme provides otherwise, by a determination require not less than the number of trustees specified in the determination to be present when any decision is so taken3; and
(2) notice of any occasions at which decisions may be so taken must, unless the occasion falls within a prescribed
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN TAKE A FREE TRIAL
0330 161 1234