Article 31 - Rights of Beneficiaries
(1) A Beneficiary under a Foundation has no interest in the Foundation's assets.
(2) However, if —
(A) a Beneficiary becomes entitled to a benefit under the Foundation in accordance with the Constitution; and
(B) the benefit is not provided,
the Beneficiary, or a Person acting on behalf of the Beneficiary, may seek an order of the QFC Court ordering the Foundation to provide the benefit.
(3) Except as provided by subsection (4), the Beneficiary must seek the order within a period of 3 years from the time when the Beneficiary became aware of the entitlement to the benefit.
(4) If the Beneficiary has not attained the age of 18 years when they became aware of their entitlement to the benefit, the period referred to in subsection (3) commences on the day on which the Beneficiary attains 18 years of age.
|Derived (as from 22nd September 2016).|