# The Public Trustee (Fees) Order 1999, Article 2: Interpretation


In this Order, unless the context otherwise requires:
“acceptance valuation date” in respect of any trust property means the date selected by the Public Trustee in relation to that property under paragraph 11(1) or 15(1);
“executor” means executor of a will or administrator of an estate however appointed;
“financial year” means the year ending 31st March;
“friendly society” means a society registered as a friendly society under the Friendly Societies Act 1974;
“gross capital value” means the value of the estate or trust property (excluding any annuity or other terminable payment purchased by any person in the name of, transferred to or covenanted to be paid to the Public Trustee for the benefit of some other person) without deduction for debts, incumbrances, funeral expenses or inheritance tax;
“statutory owner” and “tenant for life” have the meanings given by section 117(1) of the Settled Land Act 1925;
“superannuation scheme” means any scheme established for the provision of superannuation or other benefits for persons entitled to or eligible for such benefits under the scheme;
“will” includes any testamentary disposition; and
an article referred to by number alone means the article so numbered in this Order.

---
Source: https://www.legislation.gov.uk/uksi/1999/855/article/2 (the official version)
Page: https://openlegislation.uk/public-trustee-fees-order-1999/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.