Article 40 - Duties of co-Trustees to act together
(1) Subject to the
Terms of the Trust, where there is more than one Trustee all the Trustees must join in performing the Trust.
(2) Subject to Article 40(3), where there is more than one
Trustee no power or discretion given to the Trustees must be exercised unless all the Trustees agree on its exercise.
Terms of the Trust may empower the Trustees to act by a majority but a Trustee who dissents from a decision of the majority of the Trustees may require its dissent to be recorded in writing.
|Amended (as from 24th December 2017).|