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Trusts (Special Provisions) Act 1989.

Country/Territory
Bermuda (UK)
Document type
Legislation
Date
1989 (2009)
Source
FAO, FAOLEX
Subject
Land & soil
Keyword
Land tenure Inheritance Transfer Legal proceedings/administrative proceedings
Geographical area
Americas, Atlantic Ocean Islands, North America, North Atlantic
Abstract

This Act regulates certain aspects of trusts, i.e. a legal relationship created, either inter-vivos or on death in which assets are placed under the control of a trustee for the benefit of a beneficiary or for a specified purpose. Matters regulated include: governing law; capacity to create trusts; and jurisdiction of the Supreme Court. One Part of the Act is dedicated to special purpose trusts, i.e. trust created for a non-charitable purpose or purposes. No interest in land in Bermuda shall be held, directly or indirectly, in a purpose trust.

Full text
English
Website
www.bermudalaws.bm

References - Legislation

Amended by

Trusts (Special Provisions) Amendment Act 2014 (No. 22 of 2014).

Legislation | Bermuda (UK) | 2014

Keyword: Land tenure, Inheritance, Transfer, Legal proceedings/administrative proceedings

Source: FAO, FAOLEX