Trusts (Special Provisions) Amendment Act 2014 (No. 22 of 2014). | Land Portal

Resource information

Resource Language: 
ISBN / Resource ID: 
LEX-FAOC144954
License of the resource: 
Copyright details: 
© FAO. FAO is committed to making its content freely available and encourages the use, reproduction and dissemination of the text, multimedia and data presented. Except where otherwise indicated, content may be copied, printed and downloaded for private study, research and teaching purposes, and for use in non-commercial products or services, provided that appropriate acknowledgement of FAO as the source and copyright holder is given and that FAO's endorsement of users' views, products or services is not stated or implied in any way.

This Act amends the Trusts (Special Provisions) Act 1989 by adding a new section (2A) concerning the legal effect of the reservation by the settlor to himself or grant to any other person in a trust instrument of any limited beneficial interest in the trust property or any or all of the powers specified in the new section. Those powers concern modification, transfer, etc. of trusts, trust instruments or trust property. A trust instrument may provide that the reservation or grant of any of such powers shall not impose a fiduciary duty on the holder of such powers.

Amends: Trusts (Special Provisions) Act 1989. (2009)

Authors and Publishers

Author(s), editor(s), contributor(s): 

Government of Bermuda (XSL v.2.1.1.1)

Publisher(s): 

Bermuda was first settled in 1609 by shipwrecked English colonists heading for Virginia. Self-governing since 1620, Bermuda is the oldest and most populous of the British overseas territories. Vacationing to the island to escape North American winters first developed in Victorian times. Tourism continues to be important to the island's economy, although international business has overtaken it in recent years. Bermuda has also developed into a highly successful offshore financial center. A referendum on independence from the UK was soundly defeated in 1995.

Data provider

Share this page