OpenLegislation

Article 11 Indemnity insurance for TrusteesI1

Scotland

The Trustees may enter into, and pay premiums for, a contract of insurance to indemnify the Trustees jointly or severally against personal liability arising from any act or omission of the Trustees collectively or individually not being an act or omission which the Trustee or Trustees in question knew to be a breach of duty or, concerning which, the Trustee or Trustees was or were reckless as to whether it was such a breach.

Annotations

Commencement

I1

Art. 11 in force at 18.11.2010, see art. 1(1)