Article 19 – Duration of a Trust
Trust may continue indefinitely or terminate in accordance with these Regulations or in accordance with the Terms of the Trust.
(2) No rule against perpetuities or excessive accumulations shall apply to a
Trust or to any advancement, appointment, payment or application of assets from a Trust.
(3) Except where the terms of a
Trust provide to the contrary, any advancement, appointment, payment or application of assets from that Trust to another Trust shall be valid even if that other Trust may continue after the date by which the first Trust must terminate.
|Amended (as from 24th December 2017).|