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Foreign Trusts, Estates and Wills Act 1972 (No. 7 of 1972).

Country/Territory
Nauru
Document type
Legislation
Date
1972
Source
FAO, FAOLEX
Long title
An Act to abolish the rule against perpetuities and the rule against accumulations for some purposes, to provide for the establishment of non-charitable purpose trusts and to make provision in relation to the investment of trust funds and to wills and estates of non-residents.
Subject
Land & soil
Keyword
Land tenure Foreign land tenure Inheritance Legal proceedings/administrative proceedings
Geographical area
Asia and the Pacific, Micronesia, Oceania, Small Island Developing States, South Pacific
Abstract

This Act concerns the abolition on certain restrictions concerning trusts and provides rules for the creation in Nauru of a trust in perpetuity or for any lesser duration. This Act shall not apply to any settlement, disposition or trust of any land or of any interest in any land where such land is situated in Nauru. The Act also concerns grant of administration of a foreign will or estate. Executors of a foreign will or administrators of a foreign estate shall be a trustee corporation.

Full text
English
Website
www.paclii.org

References - Legislation

Amended by

Statute Law Revision Act 2011 - Part FO of Schedule 1 – Amendment of the Foreign Trusts, Estates and Wills Act 1972 (No. 8 of 2011).

Legislation | Nauru | 2011

Keyword: Land tenure, Foreign land tenure

Source: FAO, FAOLEX