Trustees' Powers and Duties and Personal Liability for Breach - General Duties of Trustees - Duty #9: Duty to Exercise Care and Skill
4 important questions on Trustees' Powers and Duties and Personal Liability for Breach - General Duties of Trustees - Duty #9: Duty to Exercise Care and Skill
Statutory Duty of Care
Controversy between Statutory DOC and Common Law DOC
Schedule 1, DOC applies to a trustee when:
- Exercising the general power of investment
- Exercising the power to acquire land
- Entering into arrangements to exercise functions as an agent/nominee/custodian
- Exercising any power under section 15
- Exercising any power under section 19
- Exercising any power under section 22(1) or (3)
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Schedule 1, DOC does not apply to a trustee when:
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