Administrative power of trustees
12 Administrative power of trustees
The rule against perpetuities does not invalidate an administrative power in relation to trust property during the subsistence of a beneficial interest in the trust property.
This section applies to an administrative power taking effect, and to any exercise of an administrative power, before, on or after the commencement date.
In this section:
administrative power means any power of a trustee other than a power to appoint, pay, transfer, advance, apply, distribute or otherwise deal with trust property in or towards satisfaction of the interest of a beneficiary under the trust or in or towards satisfaction of a purpose of the trust.
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