An Act to make fresh provision with respect to investment by trustees and persons having the investment powers of trustees, and by local authorities, and for purposes connected therewith.
Citation
2000 c. 29
Territorial extent
England and Wales
Dates
Royal assent
23 November 2000
Commencement
1 February 2001
Other legislation
Repeals/revokes
Duchy of Cornwall Management Act 1893
Status: Current legislation
Text of statute as originally enacted
Revised text of statute as amended
Text of the Trustee Act 2000 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk.
The Trustee Act 2000 (c. 29) is an act of the Parliament of the United Kingdom that regulates the duties of trustees in English trust law. Reform in these areas had been advised as early as 1982, and finally came about through the Trustee Bill 2000, based on the Law Commission's 1999 report "Trustees' Powers and Duties", which was introduced to the House of Lords in January 2000. The bill received the Royal Assent on 23 November 2000 and came into force on 1 February 2001 through the Trustee Act 2000 (Commencement) Order 2001, a Statutory Instrument, with the Act having effect over England and Wales.
The Act covers five areas of trust law: the duty of care imposed upon trustees, trustees' power of investment, the power to appoint nominees and agents, the power to acquire land, and the power to receive remuneration for work done as a trustee. It sets a new duty of care, both objective and standard, massively extends the trustees' power of investment and limits the trustees' liability for the actions of agents, also providing for their remuneration for work done in the course of the trust.
The TrusteeAct2000 (c. 29) is an act of the Parliament of the United Kingdom that regulates the duties of trustees in English trust law. Reform in these...
TrusteeAct may refer to: TrusteeAct 1925 TrusteeAct2000 This disambiguation page lists articles associated with the title TrusteeAct. If an internal...
The passing of the TrusteeAct2000 effectively nullified the 1961 Act's terms in relation to trustee investment, and the 2000Act is now the principal...
including the TrusteeAct 1925, Trustee Investments Act 1961, Recognition of Trusts Act 1987, Financial Services and Markets Act2000, TrusteeAct2000, Pensions...
The TrusteesAct 1853 The TrusteeAct Amendment Act 1886 The TrusteeAct 1898 (No 4) The TrusteeAct Amendment Act 1902 (No 98) The Trustees Audit Act 1912...
purposes. The borrower would be a trustee; using the money for any other purpose would be in violation of the trustee's duties, and so void. This trust...
are a class of trust defined as an arrangement between a testator and a trustee, made to come into force after death, that aims to benefit a person without...
Duty of Loyalty’ (2005) 114 Yale Law Journal 929–990. A Hicks, ‘The TrusteeAct2000 and the Modern Meaning of Investment’ (2001) 15 (4) Trust Law International...
definitions of a trustee and a trust within charitable trusts differ significantly from the norm. In particular, according to the Charities Act 1993 (section...
"Appointing nominees and custodians: guidance under s.19(4) of the TrusteeAct2000". GOV.UK. 1 February 2001. Retrieved 2021-02-19. 113 B.R. 110 (1990)...
Discretionary trusts, however, are where the trustee has discretion over his actions, although he is obliged to act. The advantages of discretionary trusts...
member of the order individually, with the Mother Superior acting as a trustee. There are a variety of objections to the idea of purpose trusts being...
appoint charter trustees. The original bodies of charter trustees were set up in 1974, under section 246 of the Local Government Act 1972. The concept...
Property Act 1925, do not require any particular formalities on creation, unlike express trusts. For them to be valid, however, the defendant (or "trustee" of...
of 1988, 1990, 1996, 2000 , 2011 & 2013 were notable. There are 11 types of registrations for a company under the Companies Act 1956. Private company...
been transferred from the settlor to the trustees. If property has not been transferred, the potential trustees and beneficiaries are volunteers, and an...
TIA requires the appointment of a suitably independent and qualified trustee to act for the benefit of the holders of the securities, and specifies various...
The Trusts of Land and Appointment of TrusteesAct 1996 (c 47), usually called "TLATA" or "TOLATA", is an Act of Parliament of the United Kingdom, which...
A resulting trust is not imposed by law against the intentions of the trustee (as in a constructive trust) but gives effect to his presumed intention"...
2000 c. 9 is referred to by this short title in schedule 3 of the Appropriation Act 2002. Parks Regulation (Amendment) Act 1926 Nurses Agencies Act 1957...
The Board of Trustees of the British Museum comprises up to 25 members. One trustee is appointed by The Crown, 15 are appointed by the Prime Minister and...
this act by section 2 of this act. This short title was conferred on this act by section 4 of this act. This short title was conferred on this act by section...
Science Act is a U.S. federal statute enacted by the 117th United States Congress and signed into law by President Joe Biden on August 9, 2022. The act authorizes...
being compatible. This resulted in the Baxi Partnership Limited Trusts Act2000 (c. iv) being enacted. The BDR Thermea employs more than 5,400 people throughout...
III of the Bankruptcy and Insolvency Act. An Administrator is required in the Consumer Proposal, and a Trustee in the Division I Proposal (these are...
Protection Act of 2005 (BAPCPA) (Pub. L.Tooltip Public Law (United States) 109–8 (text) (PDF), 119 Stat. 23, enacted April 20, 2005) is a legislative act that...
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