# Trustee Act 2000, Section 39: Interpretation.


(1) In this Act—
“asset” includes any right or interest;
“charitable trust” means a trust under which property is held for charitable purposes and “charitable purposes” has the meaning given by section 11 of the Charities Act 2011;
“custodian trustee” has the same meaning as in the Public Trustee Act 1906;
“enactment” includes any provision of a Measure of the Church Assembly or of the General Synod of the Church of England;
“exempt charity” has the same meaning as in the Charities Act 2011 ;
“functions” includes powers and duties;
“legal mortgage” has the same meaning as in the Law of Property Act 1925;
“personal representative” has the same meaning as in the Trustee Act 1925;
“settled land” has the same meaning as in the Settled Land Act 1925;
“trust corporation” has the same meaning as in the Trustee Act 1925;
“trust funds” means income or capital funds of the trust.
(2) In this Act the expressions listed below are defined or otherwise explained by the provisions indicated—
asset management functions
section 15(5)
custodian
section 17(2)
the duty of care
section 1(2)
the general power of investment
section 3(2)
lay trustee
section 28(6)
power of intervention
section 22(4)
the standard investment criteria
section 4(3)
subordinate legislation
section 6(3)
trustee acting in a professional capacity
section 28(5)
trust instrument
sections 6(2) and 35(2)(a)

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Source: https://www.legislation.gov.uk/ukpga/2000/29/section/39 (the official version)
Page: https://openlegislation.uk/trustee-act-2000/section-39
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.

