F1Part 3Accounts and funds

Annotations:
Amendments (Textual)

Joint and reserve withdrawers

26CJoint withdrawers: supplementary

1

Joint withdrawers may, subject to subsection (2), exercise their functions individually, and each joint withdrawer is liable for any loss incurred by the adult arising out of—

a

the joint withdrawer's own acts or omissions; or

b

the joint withdrawer's failure to take reasonable steps to ensure that another joint withdrawer does not breach any duty of care or fiduciary duty owed to the adult.

2

Where more than one joint withdrawer is liable under subsection (1), they are liable jointly and severally.

3

A joint withdrawer must, before exercising any function conferred on the joint withdrawer, consult the other joint withdrawers, unless—

a

consultation would be impracticable in the circumstances; or

b

the joint withdrawers agree that consultation is not necessary.

4

Where joint withdrawers disagree as to the exercise of their functions, one or more of them may apply to the Public Guardian for directions.

5

Directions given by the Public Guardian in pursuance of subsection (4) may be appealed to the sheriff, whose decision is final.

6

Where there are joint withdrawers—

a

a third party in good faith is entitled to rely on the authority to act of any one or more of them; and

b

section 31A(5) (interim authority) only applies where the Public Guardian terminates the authority of all of the joint withdrawers.