50Management and control of Fund

#### 50 Management and control of Fund 50 Management and control of Fund > > (1) The Trustees are to manage and control the Public Purpose Fund. > > > (2) The Trustees may invest any amount standing to the credit of the Fund in accordance with Division 2 of Part 2 of the [Trustee Act 1925](/view/html/inforce/current/act-1925-014) as if the money were trust funds. > > > (3) The Trustees may enter into any agreement or arrangement with a person or body under which— > > > > > (a) the person or body provides the Trustees with advice concerning the investment of any amount standing to the credit of the Fund, or > > > > > (b) the person or body agrees to invest any such amount on behalf of the Trustees. > > > (4) The Law Society is to administer the Fund on behalf of, and in accordance with the directions of, the Trustees.