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

Country/Territory
Bermuda (UK)
Document type
Legislation
Date
2014
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 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.

Full text
English
Website
www.bermudalaws.bm

References - Legislation

Amends

Trusts (Special Provisions) Act 1989.

Legislation | Bermuda (UK) | 1989 (2009)

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

Source: FAO, FAOLEX