International Trusts Order, 2000 · As enacted · Part I
Section 17th
Official textFrom Attorney General's Chambers, unchanged
JULy
I 2000
Subsection (4) does not prevent-
{a} the payment of any indemnity, expenses or remuneration to trustees or former trustees, protectors or former protectors; or
any payment for goods or services provided to any trustees or former trustees, protectors or former protectors.
Except with the prior consent of the Minister upon such terms as he may consider appropriate no money or other property subject to an international trust shall be invested in or upon the security of any immovables in Brunei
Darussalam.
Retention of rights by settlor.
settlor
"settlor" includes the testator where trusts are declared by will or codicil;
Terms defined in s 2
immovables in Brunei Darussalam
Defined · s 2"immovables in Brunei Darussalam" means any land or other immovable property in Brunei Darussalam and securities not quoted or dealt in on any stock exchange outside Brunei Darussalam of corporations that own any such property either- (i) directly; or (ii) indirectly through holdings of securities in other corporations;
property
Defined · s 2"property" includes - {a} money, goods, chases in action, land and every descriptions of property1 whether movable or immovable; and (b} obligations, easements and every description of estate, interest and profit, present or future, vested or contingent, arising out of, or incident to, any property as defined in paragraph {a}; 1141 17th. JULY, 2000
settlor
Defined · s 2"settlor" includes the testator where trusts are declared by will or codicil;
trust
Defined · s 2"trust" means an international trust except where the context otherwise requires;
Part II
Investments
Part III
Part IV
Protections and Indemnities of Trustees
Part VI
Part VII
Powers of the Court
Part VIII
Authorised Purpose Trusts
Part IX
Part X
Additional Provisions
Part XI