Article 61 - The Protector
Trust Instrument may contain provisions by virtue of which the exercise by the Trustees of any of their powers is subject to the previous consent of the Settlor or some other Person as Protector, and if so provided in the Trust Instrument the Trustees is not liable for any loss caused by their actions if the previous consent was given and the Trustees acted in good faith.
Trust Instrument may confer on the Settlor or on the Protector any power, including without limitation the power to:
(A) determine the law of the jurisdiction which will be the
Governing Law of the Trust;
(B) change the forum of administration of the
(D) appoint new or additional
(E) exclude any
Person as a Beneficiary;
(F) add any
Person as a Beneficiary in addition to any existing Beneficiary;
(G) give or withhold consent to specified actions of the
Trustee either conditionally or unconditionally; or
(H) release any of the Protector's powers.
Person exercising any one or more of the powers set forth in Article 61(2) will not by virtue only of such exercise be deemed to be a Trustee.
Person may charge reasonable remuneration for its services as Protector unless otherwise provided by the Trust Instrument.
|Amended (as from 24th December 2017).|