Article 37 - Remuneration of a Trustee
(1) Unless authorised by:
Terms of the Trust;
(B) the consent in writing of all of the Beneficiaries; or
(C) an order of the
Trustee will not be entitled to remuneration for its services.
(2) If the
Terms of the Trust specify the Trustee's remuneration, the Trustee is entitled to be remunerated as specified, but the QFC Court may allow more or less remuneration if:
(A) the duties of the
Trustee are substantially different from those contemplated when the Trust was created; or
(B) the remuneration specified by the
Terms of the Trust would be unreasonably low or unreasonably high.
Trustee may reimburse itself out of the Trust Property or pay out of the Trust all expenses and liabilities properly incurred in connection with the administration of the Trust.
|Amended (as from 24th December 2017).|