Trustee indemnities: drafting an indemnity on retirement | Practical Law

Trustee indemnities: drafting an indemnity on retirement | Practical Law

A practice note about issues to consider when drafting an indemnity for trustees who are retiring and taking an indemnity from their successors, including the need for an indemnity, authority to give one, conflicts of interest, specific drafting points and how to avoid problems caused by chains of indemnity.

Trustee indemnities: drafting an indemnity on retirement

Practical Law UK Practice Note 6-500-4504 (Approx. 14 pages)

Trustee indemnities: drafting an indemnity on retirement

MaintainedEngland, Wales
A practice note about issues to consider when drafting an indemnity for trustees who are retiring and taking an indemnity from their successors, including the need for an indemnity, authority to give one, conflicts of interest, specific drafting points and how to avoid problems caused by chains of indemnity.