SCHEDULE 1Minor and consequential amendments of the 1985 Act
23
1
Section 24 (election of permanent trustee) is amended as follows.
2
In subsection (2), for the word “permanent”, where it first and second occurs, substitute “
replacement
”
.
3
In subsection (3), for the words “election of the permanent trustee” substitute “
trustee vote
”
.
4
In subsection (3A)—
a
for the word “interim” substitute “
original
”
;
b
in paragraph (a), for the words “election of the permanent trustee” substitute “
trustee vote
”
;
c
in paragraph (b), for the word “permanent” substitute “
replacement
”
; and
d
for the words “section 25A of this Act shall apply” substitute “
shall continue to act as the trustee
”
.
5
In subsection (4)—
a
for the word “interim”, where it first and second occurs, substitute “
original
”
;
b
for the words “election of the permanent trustee” substitute “
trustee vote
”
;
c
for the word “permanent”, where it second occurs, substitute “
replacement
”
; and
d
after paragraph (b), insert— “
and he shall continue to act as the trustee.
”
.