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Trusts and Succession (Scotland) Act 2024

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Changes over time for: Section 2

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This version of this provision is prospective. Help about Status

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There are currently no known outstanding effects for the Trusts and Succession (Scotland) Act 2024, Section 2. Help about Changes to Legislation

Prospective

2Appointment of new trustee by trusterS
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(1)Except in so far as the trust deed, expressly or by implication, provides otherwise (or, in a case where there is no trust deed, the context requires or implies otherwise), if no capable trustee exists or is traceable the truster may appoint a new trustee.

(2)The making of an appointment under subsection (1) removes any existing trustee from the office of trustee.

(3)This section

(a)applies irrespective of when the trust was created, but

(b)does not apply as respects a public trust.

Commencement Information

I1S. 2 not in force at Royal Assent, see s. 88(3)

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