Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.



Question
By TLATA 1996, s 8(2), the trustees’ powers may be made subject to the consent of the beneficiaries (or other persons), if so stated by the settlor/testator in the instrument creating the trust. A purchaser of the land need only be concerned that the consents of any two of them have been obtained (TLATA 1996, s 10(1)). However, the trustees will be in breach of trust if they fail to obtain all consents required. Where the trust instrument requires the trustees to obtain the consent of a minor in the exercise of their powers, then the trustees must obtain the consent from those who have parental responsibility for that minor or from a guardian of the minor ([ statute ]).
Answer
TLATA 1996, s 10(3)

Question
By TLATA 1996, s 8(2), the trustees’ powers may be made subject to the consent of the beneficiaries (or other persons), if so stated by the settlor/testator in the instrument creating the trust. A purchaser of the land need only be concerned that the consents of any two of them have been obtained (TLATA 1996, s 10(1)). However, the trustees will be in breach of trust if they fail to obtain all consents required. Where the trust instrument requires the trustees to obtain the consent of a minor in the exercise of their powers, then the trustees must obtain the consent from those who have parental responsibility for that minor or from a guardian of the minor ([ statute ]).
Answer
?

Question
By TLATA 1996, s 8(2), the trustees’ powers may be made subject to the consent of the beneficiaries (or other persons), if so stated by the settlor/testator in the instrument creating the trust. A purchaser of the land need only be concerned that the consents of any two of them have been obtained (TLATA 1996, s 10(1)). However, the trustees will be in breach of trust if they fail to obtain all consents required. Where the trust instrument requires the trustees to obtain the consent of a minor in the exercise of their powers, then the trustees must obtain the consent from those who have parental responsibility for that minor or from a guardian of the minor ([ statute ]).
Answer
TLATA 1996, s 10(3)
If you want to change selection, open original toplevel document below and click on "Move attachment"

Parent (intermediate) annotation

Open it
e trust instrument requires the trustees to obtain the consent of a minor in the exercise of their powers, then the trustees must obtain the consent from those who have parental responsibility for that minor or from a guardian of the minor (<span>TLATA 1996, s 10(3)).<span><body><html>

Original toplevel document (pdf)

cannot see any pdfs

Summary

statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill

Details

No repetitions


Discussion

Do you want to join discussion? Click here to log in or create user.