Article 76 - Power of the QFC Court to authorise dealings with trust property
(1) Where in the management or administration of any
Trust property a transaction cannot be effected as a result of an absence of power vested in the Trustee by law or by the Trust Instrument, the QFC Court may, by order, confer on the Trustee either generally or in a particular instance, the necessary power for that purpose on such terms and conditions as the QFC Court thinks fit, including directions as to the expenditure of money.
QFC Court may make an order under this Article after the transaction has commenced or is completed and may rescind, amend or make a new or further order in relation to the transaction.
|Inserted (as from 24th December 2017).|