Article 61A - Reservation of Certain Rights and Powers to the Settlor

(1) A disposition under a Trust is not void because the Settlor is (whether solely or with others) a Beneficiary, Enforcer or Protector of the Trust. Neither is the disposition void because the Settlor reserved to itself any of the following powers:
(A) to appoint new, add or remove any Trustees, Protectors, Enforcers or Beneficiaries;
(B) to determine or change the Governing Law of the Trust and the principal place of administration of the Trust;
(C) to restrict the exercise of any powers or discretions of the Trustee by requiring that they must only be exercisable with the consent of the Settlor or any other Person specified in the Trust Instrument;
(D) to give binding directions to the Trustee in connection with the management, pledging or sale of the Trust Property or adding to it additional property;
(E) to distribute, appoint, use or advance the Trust Property or its Income or to give binding directions in respect of any of the foregoing;
(F) to act as, or give binding directions as to the appointment or removal of, a director or other officer of any corporation wholly or partly owned by the Trust;
(G) to appoint or remove any investment manager or investment adviser or any other Person acting in such capacity in relation to the affairs of the Trust or any Trust Property;
(H) to revoke the Trust or vary or amend the Terms of the Trust or powers arising wholly or partly pursuant to such terms;
(I) to release any of the Protector's powers; or
(J) to amend, vary, add or delete any particular purpose or purposes of the Trust.
(2) The reservation or exercise of a power or right referred to in this Article does not of itself render any Trustee liable in respect of any loss to the Trust Property.
Inserted (as from 24th December 2017).