LEGAL PROFESSION ACT 1987 - SECT 69D Management and control of Fund

This legislation has been repealed.

LEGAL PROFESSION ACT 1987 - SECT 69D

69D Management and control of Fund

(1) The trustees have the management and control of the Public Purpose Fund.

(2) The trustees may invest any amount standing to the credit of the Fund in any investment in which a trustee may invest trust funds in accordance with the Trustee Act 1925 .

(3) The trustees may enter into any agreement or arrangement with a person or body under which:

(a) the person or body provides the trustees with advice concerning the investment of any amount standing to the credit of the Fund, or

(b) the person or body agrees to invest any such amount on behalf of the trustees.

(4) The Law Society is to administer the Fund on behalf of, and in accordance with the directions of, the trustees.