OpenLegislation

Paragraph 9

Original text. Later amendments are not shown.

It is the duty of—

(a)

each member of a CIO, and

(b)

each charity trustee of a CIO,

to exercise his powers, and (in the case of a charity trustee) to perform his functions, in his capacity as such, in the way he decides, in good faith, would be most likely to further the purposes of the CIO.