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        Contents
 
Part I: The Duty of Care
 s1.. The duty of care
 s2.. Application of duty of care
PART-II:Investment
PART III: Acquisition of Land
Part IV: Agents, nominees and custodians
Part V: Remuneration
Part VI: Miscellaneous and Supplementary
SCHEDULE 1: Application of duty of care
SCHEDULE 2: Minor and consequential amendments
SCHEDULE 3: Transitional provisions and savings
SCHEDULE 4: Repeals

  Related documents and pages                          

  1. Trustee Act 2000
  2. The Charities and Trustee Investment (Scotland) Act 2005 (Consequential Provisions and Modifications) Order 2006
  3. Bankruptcy and Diligence etc. (Scotland) Act 2007
  4. Shares sale minority interest
  5. Christmas Day and New Year's Day Trading (Scotland) Act 2007
  6. Freedom of Information (Scotland) Act 2002
  7. Adults with incapacity (Scotland) Act 2000
  8. Christmas Day and New Year’s Day Trading (Scotland) Act 2007
  9. Legal Profession and Legal Aid (Scotland) Act 2007
  10. Income Tax Act 2007
  11. Mental Capacity Act 2005
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  Trustee Act 2000 List of acts
 Crown Copyright Acknowledged

Part I: The Duty of Care

 

1.   The duty of care

(1)      Whenever the duty under this subsection applies to a trustee, he must exercise such care and skill as is reasonable in the circumstances, having regard in particular—

(a)         to any special knowledge or experience that he has or holds himself out as having, and

(b)         if he acts as trustee in the course of a business or profession, to any special knowledge or experience that it is reasonable to expect of a person acting in the course of that kind of business or profession.

(2)      In this Act the duty under subsection (1) is called “the duty of care”.

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2.   Application of duty of care

Schedule 1 makes provision about when the duty of care applies to a trustee.

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