# Standard Life Assurance Company Act 1991, Paragraph 84: Power to declare distributable surplus not to be delegated


The powers and responsibilities of the directors under the foregoing regulations relative to the distribution of profits shall be exercised by the directors as such and shall not be capable of delegation by them whether in whole, or in part, or in respect of a separate fund.

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Source: https://www.legislation.gov.uk/ukla/1991/3/schedule/paragraph/84 (the official version)
Page: https://openlegislation.uk/standard-life-assurance-company-act-1991/schedule/paragraph-84
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.