What happens if there are multiple Private Portfolio Custodians and the Creation Deed does not specify how to manage the portfolio and make decisions?
In such a case, the custodians will need to act together and make decisions based on a numerical majority. However, in situations where immediate action is necessary to protect the beneficiary's interest or the purpose of the portfolio, or if the required procedure does not require discussion, such as debt collection or payment, opinions may not be exchanged.