Einde inhoudsopgave
Draft Common Frame of Reference
X. — 8:501 Effect on trustees' obligations and rights
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)
A person who is appointed a trustee becomes bound by the trust and acquires the corresponding rights and powers. Subject to the following paragraphs of this Article, a trustee who resigns or is removed is released from the trust and loses those rights and powers.
(2)
The obligation to cooperate with co-trustees does not end until the expiry of a reasonable period after resignation or removal.
(3)
A former trustee's right of recourse to the trust fund takes effect as a right against the continuing trustees. A right to reimbursement, indemnification or remuneration by a beneficiary is unaffected.
(4)
A former trustee remains bound by:
- (a)
the obligation in X. — 6:109 (Obligation not to obtain unauthorised enrichment or advantage);
- (b)
trust debts; and
- (c)
obligations arising from non-performance.