Part II Other Public General Acts
Trustee Act 2000 (2000 c 29) | Legislation

Part II Other Public General Acts

The Places of Worship Sites Act 1873 (c 50)

3

In section 2 (payment of purchase money, etc) for “shall be invested upon such securities or investments as would for the time being be authorised by statute or the Court of Chancery†substitute “shall be invested under the general power of investment in section 3 of the Trustee Act 2000â€.

The Technical and Industrial Institutions Act 1892 (c 29)

4

In section 9 (investment powers relating to proceeds of sale of land acquired under the Act) for subsection (5) substitute—

“(5)     Money arising by sale may, until reinvested in the purchase of land, be invested—

(a)     in the names of the governing body, in any investments in which trustees may invest under the general power of investment in section 3 of the Trustee Act 2000 (as restricted by sections 4 and 5 of that Act), or

(b)     under the general power of investment in section 3 of that Act, by trustees for the governing body or by a person authorised by the trustees under that Act to invest as an agent of the trustees.

(6)     Any profits from investments under subsection

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