Draft Common Frame of Reference:X. — 9:103 Right of truster to terminate a gratuitous trust

Draft Common Frame of Reference

X. — 9:103 Right of truster to terminate a gratuitous trust

Geldend

Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.

(1)

Except as provided for by paragraphs (2) and (3), a truster has no implied right to terminate a trust or a trust term merely because the trust was constituted gratuitously, irrespective of whether:

(a)

the trust was constituted without a transfer by the truster;

(b)

the truster reserved a right to benefit during the truster's lifetime.

(2)

A truster may terminate a gratuitously constituted trust, or a term of such a trust, which is for the benefit of a person who does not yet exist.

(3)

A truster may terminate a gratuitously constituted trust for the benefit of another to the same extent that the truster might have revoked a donation to that beneficiary if the benefit had been conferred by way of donation.

Deze functie is alleen te gebruiken als je bent ingelogd.