Section 286 Investments and Securities Act

Section 286 of the Investments and Securities Act 2025 is about Power to appoint new trustees. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows:

The power to appoint new trustees under this Part shall be vested in the issuer, and a trustee shall not be appointed without a prior approved resolution passed by a majority of bondholders present at a meeting duly called for that purpose.