13
CurrentSingle trustees
Volume 1Parts 1 to 15 (sections 1 to 127)
Part 1Preliminary
Division 2Interpretation
13 Single trustees
For the purposes of this Act:
(a)
a fund, scheme or trust has a single corporate trustee if, and only if, there is only one trustee of the fund, scheme or trust and that trustee is a corporate trustee; and
(b)
a fund, scheme or trust has a single individual trustee if, and only if, there is only one trustee of the fund, scheme or trust and that trustee is an individual trustee.
This Act’s bill:Second reading speech
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