Trustees' Powers and Duties and Personal Liability for Breach - Trust - Termination of Trusteeship
4 important questions on Trustees' Powers and Duties and Personal Liability for Breach - Trust - Termination of Trusteeship
Reason for Termination of Trusteeship: Disclaimer
Reason for Termination of Trusteeship: Retirement
- under express provision
- under statute (section 36 and 39 TA 1925)
- with consent of the beneficiaries
- by direction of the beneficiaries under section 19 TOLATA 1996
Reason for Termination of Trusteeship: Removal
- under an express power
- by a person with the power to appoint trustees or by the trustees (section 36 TA 1925)
- by the court (section 41 TA 1925)
- by the court under its inherent jurisdiction (when there is a breach of trust, but mostly unlikely)
- by the beneficiaries directing retirement (section 19 TOLATA 1996)
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Reason for Termination of Trusteeship: Death
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
