Section 19(3)

Where— he shall make a deed declaring his retirement and shall be deemed to have retired and be discharged from the trust. a trustee has been given a direction under subsection (2)(a), reasonable arrangements have been made for the protection of any rights of his in connection with the trust, after he has retired there will be either a trust corporation or at least two persons to act as trustees to perform the trust, and either another person is to be appointed to be a new trustee on his retirement (whether in compliance with a direction under subsection (2)(b) or otherwise) or the continuing trustees by deed consent to his retirement,

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Source: legislation.gov.uk · retrieved 2026-08-15