An institution, an institution’s nominee, a current office holder or the trustee of an associated trust of an institution may act under division 4 , and the trustee of an associated trust of an institution may consent to being the institution’s nominee, despite—
(a) another law; or
(b) the terms of the associated trust (including a trust for a charitable purpose); or
(c) a duty, whether as the current holder of an office in the institution or as trustee or otherwise.