Draft Common Frame of Reference:X. — 4:202 Protection of trustees and third parties after avoidance

Draft Common Frame of Reference

X. — 4:202 Protection of trustees and third parties after avoidance

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)

The trustee's title to the trust fund is unaffected by avoidance.

(2)

Unless the trustee knew or could reasonably be expected to know that the trust or trust term might be avoided:

(a)

a trustee is not liable in respect of any administration or disposition of the trust fund which was in accordance with the terms of the trust before the trust was avoided;

(b)

a trustee may invoke against the person entitled to benefit as a result of avoidance defences which the trustee could have invoked against the beneficiary who had a right to that benefit before avoidance; and

(c)

a trustee retains any right of recourse to the trust fund which arose before avoidance.

(3)

Avoidance of the trust does not affect the rights of a third party who before avoidance acquired a beneficiary's right to benefit, or a security right or other limited right in that right to benefit, if:

(a)

the third party neither knew nor had reason to know that the trust or trust term could be avoided; and

(b)

the disposition is not gratuitous.

Deze functie is alleen te gebruiken als je bent ingelogd.