Trusts (Special Provisions) Amendment Act 2014 (No. 22 of 2014).
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LEX-FAOC144954
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This Act amends the Trusts (Special Provisions) Act 1989 by adding a new section (2A) concerning the legal effect of the reservation by the settlor to himself or grant to any other person in a trust instrument of any limited beneficial interest in the trust property or any or all of the powers specified in the new section. Those powers concern modification, transfer, etc. of trusts, trust instruments or trust property. A trust instrument may provide that the reservation or grant of any of such powers shall not impose a fiduciary duty on the holder of such powers.
Amends: Trusts (Special Provisions) Act 1989. (2009)
