Section 750(2)

Subsection (1) does not invalidate— a release otherwise validly given in respect of anything done or omitted to be done by a trustee before the giving of the release; any provision enabling such a release to be given— on being agreed to by a majority of not less than 75% in value of the debenture holders present and voting in person or, where proxies are permitted, by proxy at a meeting summoned for the purpose, and either with respect to specific acts or omissions or on the trustee dying or ceasing to act.

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Source: legislation.gov.uk · retrieved 2026-09-04