Claim: The Trustee Act of 2000 nullified the Trustee Investments Act 1961, an act that provided rules regarding where trustees can invest trust funds.
Evidence: The passing of the Trustee Act 2000 effectively nullified the 1961 Act's terms in relation to trustee investment, and the 2000 Act is now the principal piece of legislation in this area. The Trustee Investments Act 1961 (c 62) was an Act of the Parliament of the United Kingdom that covers where trustees can invest trust funds.