Cap. 331 Art. 25Delegation by trustees.

(1) A trustee may not delegate his powers unless permitted to do so by this Act, or by the terms of the trust, or by the court.

(2) Except where the terms of the trust specifically provide to the contrary, a trustee -

(a) may delegate management of trust property to and employ investment managers whom the trustee reasonably considers competent and qualified to manage the investment of trust property;

(b) may employ accountants, advocates, attorneys, bankers, brokers, custodians, investment advisers, nominees, property agents, solicitors and other professional agents or persons to act in relation to any of the affairs of the trust or to hold any of the trust property.

(3) A trustee who in good faith and without neglect makes a delegation or an appointment in accordance with the provisions of this article, shall not be liable for any loss arising to the trust in consequence thereof.

(4) A trustee may authorise a person referred to in subarticle

(2) to retain any commission or other payment usually payable in relation to any transaction.