What Does Being a Trustee of a Body Corporate Entail (Part 2)
05 February 2026, Grant Hill
In Part One of this article, we explained that a replacement trustee
may be appointed by the remaining trustees when... a trustee ceases to hold
office, or, if all trustees have vacated their positions, by the members in a
general meeting. The appointment
is for a specified period, for example, six months or usually until the next
Annual General Meeting. They need not be an owner and will have the same
functions and be subject to the same obligations as a trustee.