Trusts and Succession (Scotland) Act 2024 (asp 2)

Prospective

Part 1 S Trusts

Chapter 4 S Contractual rights, damages and the validity of certain transactions and documents

Validity of certain transactions and documents S

44 Validity of certain deeds and other documents bearing to be executed by trustees S

(1) Except in so far as the trust deed expressly provides otherwise, a deed, or other document, bearing to be executed by the body of trustees is valid if executed by a majority of the trustees of that body.

(2) Subsection (1) is without prejudice to section 22(1)(b).

(3) This section applies—

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

(b) only as respects a document executed after the section comes into force.

Commencement Information

I1 S. 44 not in force at Royal Assent, see s. 88(3)