Commentary on Clauses Part IV: Agents, Nominees and Custodians Section 25: Sole trustees
Section 25 provides that these new powers in relation to agents, nominees and custodians are to apply to cases where there is a sole trustee. By section 25(2) the duty in section 18 (appointment of a custodian for investment in bearer securities) does not apply to a sole trustee who is a trust corporation.