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•Liability for Imprudent Investments
–Section 10.1 of the CAA confirms that
sections 27 to 30 of the Trustee Act apply to all charities
that deal with charitable property
unless the constating documents of the
charity or the gift agreement state
otherwise
–The Trustee Act establishes a prudent investment standard
governing investment decision-making of trustees of charitable
property
–The board needs to have a investment policy in order
to obtain protection under the Trustee Act
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