I.   Introductory Provisions

Faculty is one of the eight standard characteristics required of a Trustee being the possession of skill and ability in order to perform the obligations of such office.

The word Faculty comes from the Latin facultas meaning “ability, skill or abundance; or plenty of stock, goods or property”.

Under the character of Faculty, a Fiduciary is forbidden to act in any Office or Position for which they are entirely unsuited, unskilled and unqualified.