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Trustee (Amendment) Act, 2004

No. 15of 2004

AN ACT TO AMEND THE TRUSTEE ACT

[Date of Assent - 11th August, 2004]

Enacted by the Parliament of The Bahamas.

1.
This Act may he cited as the Trustee (Amendment) Act, 2004.

Short title.

2.
Section 41 of the Trustee Act, in this Act referred to as the principal Act, is amended in subsection (3)(a) thereof by inserting therein after the words "or public purposes" the words "or a purpose of an authorised purpose trust within the meaning of the Purpose Trusts Act. 2004".

Amendment of section 41 of Ch. 176.

3.
Section 70 of the principal Act is amended -

Amendment of section 70 of the principal Act.

(a)
in subsection (3) thereof by inserting therein after the words "for charitable purpose" the words "or an authorised purpose";
(b)
in subsection (4) thereof by inserting therein after the word "organisation" the words "and authorised purpose" means a purpose of an authorised purpose trust within the meaning of the Purpose Trusts Act, 2004".


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