{
  "url": "https://openlegislation.uk/trustee-act-northern-ireland-2001/section-43",
  "json_url": "https://openlegislation.uk/trustee-act-northern-ireland-2001/section-43.json",
  "legislation": "nia/2001/14",
  "legislation_title": "Trustee Act (Northern Ireland) 2001",
  "legislation_url": "https://openlegislation.uk/trustee-act-northern-ireland-2001",
  "path": "section/43",
  "kind": "section",
  "number": "43",
  "heading": "Interpretation",
  "text": "(1) In this Act—\n“asset” includes any right or interest;\n“asset management function” has the meaning given in section 15(5);\n“charitable trust” means a trust under which property is held for charitable purposes and “charitable purposes” has the same meaning as in the Charities Act (Northern Ireland) 2008 ;\n“custodian” has the meaning given by section 17(2);\n“the duty of care” has the meaning given by section 1(2);\n“the general power of investment” has the meaning given by section 3(2);\n“personal representative” has the same meaning as in the Trustee Act (Northern Ireland) 1958 (c.23);\n“settled land” has the same meaning as in the Settled Land Act 1882 (c.38);\n“statutory provision” has the same meaning as in section 1(f) of the Interpretation Act (Northern Ireland) 1954 (c.33);\n“trust corporation” has the same meaning as in the Trustee Act (Northern Ireland) 1958 (c.23);\n“trust funds” means income or capital funds of the trust.\n(2) For the purposes of this Act, a statutory provision is not to be regarded as being, or as being part of, a trust instrument.",
  "extent": "N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 43(1) substituted (24.6.2013) by Charities Act (Northern Ireland) 2008 (c. 12), s. 185(1), Sch. 8 para. 8; S.R. 2013/145, art. 2, Sch."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nia/2001/14/section/43",
    "retrieved_at": "2026-10-29T20:21:45.172225+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}