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Charities and Trustee Investment (Scotland) Act 2005

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SCHEDULE 3Powers of trustees: consequential amendments

(introduced by section 95)

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Judicial Factors Act 1849 (c. 51)

1In section 5 (judicial factor’s duty to lodge in bank money held by factor etc.) of the Judicial Factors Act 1849, subsection (4) is repealed.

Trusts (Scotland) Act 1921 (c. 58)

2In the Trusts (Scotland) Act 1921, sections 12 and 14 are repealed.

Trusts (Scotland) Act 1961 (c. 57)

3In section 2(1) (validity of certain transactions by trustees etc.) of the Trusts (Scotland) Act 1961—

(a)for “(ee)” substitute “(eb)”,

(b)in the proviso, after “transaction” where it first occurs insert “(other than a transaction such as is specified in paragraph (ea) of that subsection)”.

Trustee Investments Act 1961 (c. 62)

4(1)The Trustee Investments Act 1961 is amended as follows.

(2)Sections 1, 2, 5, 6, 12, 13 and 15 are repealed except in so far as they are applied by or under any other enactment.

(3)Section 3 and Schedules 2 and 3 are repealed, except in so far as they relate to a trustee having a power of investment conferred under an enactment—

(a)which was passed before the passing of the Trustee Investments Act 1961, and

(b)which is not amended by this schedule.

(4)Section 8 and paragraph 1(2) of Schedule 4 are repealed.

National Health Service (Scotland) Act 1978 (c. 29)

5In Schedule 7 (the Research Trust) to the National Health Service (Scotland) Act 1978, paragraph 4 is repealed.

Education (Scotland) Act 1980 (c. 44)

6In section 105 (schemes for reorganisation of educational endowments) of the Education (Scotland) Act 1980, subsection (4D) is repealed.

Law Reform (Miscellaneous Provisions) (Scotland) Act 1985 (c. 73)

7Section 54 of the Law Reform (Miscellaneous Provisions) (Scotland) Act 1985 is repealed.

Law Reform (Miscellaneous Provisions) (Scotland) Act 1990 (c. 40)

8In Schedule 8 (amendments of enactments) to the Law Reform (Miscellaneous Provisions) (Scotland) Act 1990, in paragraph 21, sub-paragraph (1)(b) and the preceding “and” are repealed.

Charities Act 1993 (c. 10)

9In the Charities Act 1993, the following provisions are repealed—

  • sections 70 and 71,

  • in section 86(2), the word “70” in paragraph (a), and paragraph (b),

  • section 100(5).

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Text created by the Scottish Government to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills.

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