Section 33 Investment ceasing to be an authorised investment.F1C1
A trustee shall not be liable for breach of trust by reason only of his continuing to hold an investment which has ceased to be an investment authorised by the trust deed or by or under this Act.
Annotations
Textual amendments
- F1
Act repealed (26.6.2024 for specified purposes) by Trusts and Succession (Scotland) Act 2024 (asp 2), s. 88(3), sch. 2; S.S.I. 2024/164, reg. 2, sch.
Modifications
- C1
S. 33 excluded by Trustee Investments Act 1961 (c. 62), s. 3(4), Sch. 3 para. 2