Einde inhoudsopgave
Draft Common Frame of Reference
X. — 10:401 Liability of donees and bad faith acquirers
Geldend
Geldend vanaf 01-01-2009
- Redactionele toelichting
De dag van de datum van afkondiging is gezet op 01. De datum van inwerkingtreding is de datum van afkondiging.
- Bronpublicatie:
01-01-2009, Internet 2009, ec.europa.eu (uitgifte: 01-01-2009, kamerstukken/regelingnummer: -)
- Inwerkingtreding
01-01-2009
- Bronpublicatie inwerkingtreding:
01-01-2009, Internet 2009, ec.europa.eu (uitgifte: 01-01-2009, kamerstukken/regelingnummer: -)
- Vakgebied(en)
Civiel recht algemeen (V)
EU-recht / Bijzondere onderwerpen
Internationaal privaatrecht / Algemeen
(1)
Where a trustee transfers a trust asset to another and the transfer is not in accordance with the terms of the trust, the transferee takes the asset subject to the trust if:
- (a)
the transfer is gratuitous; or
- (b)
the transferee knows or could reasonably be expected to know that the transfer is by a trustee and is not in accordance with the terms of the trust.
(2)
A transferee on whom a trust is imposed under paragraph (1) has a corresponding right to a return of any benefit conferred in exchange.
(3)
The trust imposed under paragraph (1) is extinguished if:
- (a)
benefit which was provided by the transferee in exchange is disposed of in performance of an obligation under the trust; or
- (b)
the trustee or a third party satisfies an obligation to reinstate the trust fund.
(4)
A transferee can reasonably be expected to know a matter if:
- (a)
it would have been apparent from a reasonably careful investigation; and
- (b)
having regard to the nature and value of the asset, the nature and costs of such investigation, and commercial practice, it is fair and reasonable to expect a transferee in the circumstances to make that investigation.
(5)
This Article applies correspondingly where a trustee creates a security right or other limited right in a trust asset in favour of another.