s 3D

Particular investments by board subject to approval of grand lodge

In force

(1)

The board shall not invest moneys held by it in any investment that is not a prescribed investment save with the approval of grand lodge first had and obtained.

(2)

In this section—investment power see the Trusts Act 2025, section 66.prescribed investment means an investment made under the Trusts Act 2025, section 69 in accordance with the duties under—

(a)

sections 70 and 71 of that Act; and

(b)

either—

(i)

part 6, division 2 of that Act; or

(ii)

part 5, division 2 of that Act, to the extent that division applies in relation to the exercise of an investment power.

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