# Standard Life Assurance Company Act 1991, Paragraph 77: Reserve funds


The directors may, in relation to any separate fund or otherwise, establish reserves which may or may not be allocated for a specific purpose and the directors may transfer to or from such reserves such sums as they think fit.

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Source: https://www.legislation.gov.uk/ukla/1991/3/schedule/paragraph/77 (the official version)
Page: https://openlegislation.uk/standard-life-assurance-company-act-1991/schedule/paragraph-77
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.