Section 43 Interpretation

In this Act—

• “asset” includes any right or interest;

• “asset management function” has the meaning given in section 15(5);

• “charitable trust” means a trust under which property is held for charitable purposes and “charitable purposes” has the same meaning as in F1the Charities Act (Northern Ireland) 2008 ;

• “custodian” has the meaning given by section 17(2);

• “the duty of care” has the meaning given by section 1(2);

• “the general power of investment” has the meaning given by section 3(2);

• “personal representative” has the same meaning as in the Trustee Act (Northern Ireland) 1958 (c.23);

• “settled land” has the same meaning as in the Settled Land Act 1882 (c.38);

• “statutory provision” has the same meaning as in section 1(f) of the Interpretation Act (Northern Ireland) 1954 (c.33);

• “trust corporation” has the same meaning as in the Trustee Act (Northern Ireland) 1958 (c.23);

• “trust funds” means income or capital funds of the trust.

For the purposes of this Act, a statutory provision is not to be regarded as being, or as being part of, a trust instrument.