Administrative powers of trustees
11 Administrative powers of trustees
In this section, administrative power means a power of a trustee to sell, lease or exchange trust property and any other power of a trustee, but does not include 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.
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 appointed day.
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