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Trusts (Scotland) Act 1921 (1921 c 58)

This Act was established to regulate the administration and management of trusts specific to Scotland. It provides comprehensive guidelines for trustees, outlining their powers, duties, and responsibilities. The legislation significantly modernised trust law in Scotland, allowing for greater flexibility in the management of trust property. Key provisions include the authority for trustees to make investments, the ability to delegate certain functions, and detailed rules on the appointment and removal of trustees. The Act was a pivotal development in ensuring trustees act in the best interest of beneficiaries and adhere to legal standards.

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ÑÇÖÞÉ«ÇéÍø traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.

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Trusts (Scotland) Act 1921 (1921 c 58)

This Act was established to regulate the administration and management of trusts specific to Scotland. It provides comprehensive guidelines for trustees, outlining their powers, duties, and responsibilities. The legislation significantly modernised trust law in Scotland, allowing for greater flexibility in the management of trust property. Key provisions include the authority for trustees to make investments, the ability to delegate certain functions, and detailed rules on the appointment and removal of trustees. The Act was a pivotal development in ensuring trustees act in the best interest of beneficiaries and adhere to legal standards.

Quick and comprehensive access to the most accurate, up-to-date legislation.

ÑÇÖÞÉ«ÇéÍø traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.

TAKE A FREE TRIAL

Trusts (Scotland) Act 1921 (1921 c 58)

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