Part VI Miscellaneous and Supplementary

39 Interpretation.

1

In this Act—

  • “asset” includes any right or interest;

  • “charitable trust” means a trust under which property is held for charitable purposes and “charitable purposes” F1has the meaning given by section 11 of the Charities Act 2011;

  • “custodian trustee” has the same meaning as in the M1Public Trustee Act 1906;

  • “enactment” includes any provision of a Measure of the Church Assembly or of the General Synod of the Church of England;

  • “exempt charity” has the same meaning as in F2the Charities Act 2011 ;

  • “functions” includes powers and duties;

  • “legal mortgage” has the same meaning as in the M2Law of Property Act 1925;

  • “personal representative” has the same meaning as in the M3Trustee Act 1925;

  • “settled land” has the same meaning as in the M4Settled Land Act 1925;

  • “trust corporation” has the same meaning as in the M5Trustee Act 1925;

  • “trust funds” means income or capital funds of the trust.

2

In this Act the expressions listed below are defined or otherwise explained by the provisions indicated—

asset management functions

section 15(5)

custodian

section 17(2)

the duty of care

section 1(2)

the general power of investment

section 3(2)

lay trustee

section 28(6)

power of intervention

section 22(4)

the standard investment criteria

section 4(3)

subordinate legislation

section 6(3)

trustee acting in a professional capacity

section 28(5)

trust instrument

sections 6(2) and 35(2)(a)