Publications
Trustee Investment Powers, Final Report 80
If the instrument that creates a trust does not expressly define the trustee’s powers, section 5 of the Trustee Act defines them. Known as the “legal list”, section 5 states which type of investments a trustee may purchase. The list of permitted investments aims to minimize risk. Many Commonwealth jurisdictions are replacing the legal list concept with the prudent investor approach, and a description of this evolution is included in Chapter 2. The prudent investor method encourages […]
| AREA OF LAW | Wills and Succession |
| TAGS | constraint, investment, investor, power, prudent, prudent man, trust, trustee |
| FORMAT | Publications |
| FILE | fr080.pdf |
February 29, 2000
Trustee Investments Powers, Consultation Memorandum 7
A person who creates a trust is entitled to give the trustees investment powers that are as broad or as narrow as the trust creator considers appropriate. A trust portfolio consisting only of assets identified in section 5 of the Trustee Act would be described as conservative and over the long term the return on such a portfolio would be significantly lower than the return that an investor could realize by applying ordinary principles of long-term prudent […]
| AREA OF LAW | Wills and Succession |
| TAGS | risk, constant, investment, investor, power, prudent, prudent man, trust, trustee |
| FORMAT | Publications |
| FILE | CM7.pdf |
September 4, 1999
Transfers of Investment Securities, Final Report 67
This report is long and presents a comprehensive review of the existing law governing transfers and pledges of investment securities in Alberta. It contains a detailed examination of a wide range of issues that relate to current securities trading and holding practices. It proposes that uniform legislation be developed in consultation with other Canadian jurisdictions, but does not include draft legislation. The Alberta Business Corporations Act is the current Alberta law governing transfers of investments securities and […]
| AREA OF LAW | Corporate and Commercial |
| TAGS | securities, pledge, trade, clearing, negotiation, transfer, investment, purchase, sale |
| FORMAT | Publications |
| FILE | fr067.pdf |
June 29, 1993