Article 32 Decisions by majority

Northern Ireland

(1)

Decisions of the trustees of a trust scheme may, unless the scheme provides otherwise, be taken by agreement of a majority of the trustees.

(2)

Where decisions of the trustees of a trust scheme may be taken by agreement of a majority of the trustees—

(a)

the trustees may, unless the scheme provides otherwise, by a determination under this paragraph require not less than the number of trustees specified in the determination to be present when any decision is so taken, and

(b)

notice of any occasions at which decisions may be so taken must, unless the occasion falls within a prescribed class or description, be given to each trustee to whom it is reasonably practicable to give such notice.

(3)

Notice under paragraph (2)(b) must be given in a prescribed manner and not later than the beginning of a prescribed period.

(4)

This Article is subject to Articles 8(4)(b)F1and 25(2) and Article 218(6) of the Pensions (Northern Ireland) Order 2005.

(5)

If paragraph (2)(b) is not complied with,F2Article 10 applies to any trustee who has failed to take all such steps as are reasonable to secure compliance.

Annotations

Textual amendments

F1: Words in art. 32(4) substituted (6.4.2006) by Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)), arts. 1(2), 290(1), Sch. 10 para. 42(a); S.R. 2006/95, art. 2(c), Sch. Pt. 3
F2: Words in art. 32(5) substituted (6.4.2006) by Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)), arts. 1(2), 290(1), Sch. 10 para. 42(b); S.R. 2006/95, art. 2(c), Sch. Pt. 3

Notes on the whole Order

Textual amendments

F1: functions transf. by SR 1999/481
F2: functions transf. by 2005 NI 1