It is the trustees who decide what is in the general interest of the trust. Sections 11 (2) and (3) set out the circumstances in which the rule does not apply namely: (i) if it is [...], as it can be in the case of an express trust of land; (ii) to a trust created or arising under a will made before 1 January 1997; (iii) to the trustees’ power under TLATA 1996, s 6(2) to insist upon transferring the land to the beneficiaries who are of full age and absolutely entitled to the land; (iv) to a trust created before 1 January 1997 by a disposition (ie expressly created), unless a deed is executed making provision for s 11(1) to apply. Such a deed would be irrevocable (TLATA 1996, s 11(4)).
Answer
excluded
Tags
#co-ownership #land #law
Question
It is the trustees who decide what is in the general interest of the trust. Sections 11 (2) and (3) set out the circumstances in which the rule does not apply namely: (i) if it is [...], as it can be in the case of an express trust of land; (ii) to a trust created or arising under a will made before 1 January 1997; (iii) to the trustees’ power under TLATA 1996, s 6(2) to insist upon transferring the land to the beneficiaries who are of full age and absolutely entitled to the land; (iv) to a trust created before 1 January 1997 by a disposition (ie expressly created), unless a deed is executed making provision for s 11(1) to apply. Such a deed would be irrevocable (TLATA 1996, s 11(4)).
Answer
?
Tags
#co-ownership #land #law
Question
It is the trustees who decide what is in the general interest of the trust. Sections 11 (2) and (3) set out the circumstances in which the rule does not apply namely: (i) if it is [...], as it can be in the case of an express trust of land; (ii) to a trust created or arising under a will made before 1 January 1997; (iii) to the trustees’ power under TLATA 1996, s 6(2) to insist upon transferring the land to the beneficiaries who are of full age and absolutely entitled to the land; (iv) to a trust created before 1 January 1997 by a disposition (ie expressly created), unless a deed is executed making provision for s 11(1) to apply. Such a deed would be irrevocable (TLATA 1996, s 11(4)).
Answer
excluded
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Open it It is the trustees who decide what is in the general interest of the trust. Sections 11 (2) and (3) set out the circumstances in which the rule does not apply namely: (i) if it is excluded, as it can be in the case of an express trust of land; (ii) to a trust created or arising under a will made before 1 January 1997; (iii) to the trustees’ power under TLATA 1996, s 6(2)
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