Section 177 — Trusts Act 2019: New section 77TA and cross-heading inserted
Text of the provision Official document
177 New section 77TA and cross-heading inserted After section 77T , insert: Application of Trusts Act 2019 77TA Application of Trusts Act 2019 (1) This section applies to a trust constituted (or to be constituted) for the purposes of section 77P. (2) The following provisions of the Trusts Act 2019 do not apply to a trust referred to in subsection (1): (a) section 29 (general duty of care): (b) section 39 (adviser must alert settlor to modification or exclusion of default duty): (c) sections 45 to 48 (documents to be kept by trustees): (d) sections 49 to 55 (giving information to beneficiaries): (e) section 56 (general powers of trustee): (f) section 72 (trustee’s liability for acts of delegate limited): (g) sections 81 to 85 (trustees’ indemnities): (h) sections 142 to 148 (alternative dispute resolution): (i) sections 153 to 158 (investigation of condition and accounts of certain trust property).
Official source: legislation.govt.nz
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