10
In forceCertain consents not required
Schedule 4Transferred provisions—HomeFund Restructuring Act 1993
Part 4Miscellaneous
10 Certain consents not required
The FANMAC trustee is not required to obtain the consent of the beneficiaries of any trust of which it is trustee, or any FANMAC bond holders or unit holders, to the doing of any act, matter or thing in connection with the restructuring scheme. The FANMAC trustee is not subject to any action, liability, claim or demand for a failure to consult with or obtain the consent of any such beneficiaries, bond holders or unit holders in relation to the doing of any such act, matter or thing.
This Act’s bill:Explanatory memorandumSecond reading speech
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