International Trusts Order, 2000 · s 75

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s 75[ l) In this Part, unless the context otherwise requires

"beneficiary" means a person who will or may derive any benefit or advantage, directly or indirectly, from the execution of a special trust;

"enforce" in relation to a trust means to require or compel trustees to execute carry out and perform their duties under the trust instrument and to bring and prosecute proceedings to enforce the proper execution of the trust;

"enforcer" means a person who has a duty or power to enforce a special trust;

"power" includes an administrative power as well as a dispositive power;

"trust" include a trust of a power, as well as a trust of property; and

"trustee" has a correspondingly extended meaning.

(2)

In this Part, a power is said to be held on trust if granted or reserved subject to any duty, expressed or implied, qualified or unqualified, to exercise the power or to consider its exercise.