Article 50 - Combination and division of Trusts
(1) Subject to the Terms of the Trust , a Trustee may combine two or more Trusts into a single Trust or divide a Trust into two or more separate Trusts , if the result does not impair rights of any Beneficiaries or adversely affect achievement of the purposes of the Trusts .
(2) Subject to the tTrms of the Trust , where a Trustee divides a Trust into two or more separate Trusts , it must have the power to appoint Trustees for such Trusts .
Amended (as from 24th December 2017). |