Einde inhoudsopgave
Draft Common Frame of Reference
X. — 8:504 Effect of death or dissolution of trustee
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 one of several trustees dies or a corporate trustee is dissolved, the trust fund remains vested in the continuing trustees. This applies to the exclusion of any person succeeding to a deceased or dissolved trustee's other patrimony.
(2)
Where a sole trustee dies, the deceased trustee's successors become trustees and accordingly:
- (a)
the trustee's successors become subject to the trust and acquire the corresponding rights and powers;
- (b)
the trustee's successors become liable for trust debts incurred by the deceased trustee to the extent of the deceased trustee's estate; and
- (c)
the trust fund vests in the trustee's successors,
(3)
A trustee's testamentary disposition of the trust fund is of no effect, but the trust terms may confer a testamentary power to appoint a trustee.
(4)
Obligations arising from non-performance devolve on the deceased trustee's successor.