Section 70
of International Trusts Order, 2000
ORDERIn forceProvision 70 of 109
Section 70
(1)
A trust instrument may declare an authorised purpose trust of capital or income to take effect in possession before or after trusts affecting the same property, including trusts for persons or exclusively charitable purposes or other purpose trusts so far as valid.
(2)
A trust instrument may provide for an authorised purpose trust to vest in interest or in possession either immediately or at a future time or on a future event or contingency.
(3)
A trust instrument may provide for an authorised purpose trust to continue either until a specified time or event (contingent or other) or indefinitely.
42
BLUV as at 16th December 2010
Allocations to purposes and methods of execution.