International Trusts Order, 2000 · As enacted · Part III
21. Protection of purchasers and mortgagees dealing with trustees
Official textFrom Attorney General's Chambers, unchanged
Notwithstanding anything to the contrary in the trust instrument, no purchaser or mortgagee paying or advancing money on a sale or mortgage purporting to be made under any trust or power vested in trustees, shall be 1149
trust instrument
"trust instrument" means the written testamentary or other instrument if any by which, or on the terms of which, the trust is created (including any subsequent instruments affecting the terms or administration of the trust) or where the trust was not created by, or on the terms of, any written instrument refers to any trust instrument evidencing an oral declaration creating the trust. Application and restrictions.
BRUNEI DARUSSALAM GOVERNMENT GAZETTE concerned to see that such money is needed or that no more than is needed is raised or otherwise as to its application.
Terms defined in s 2
mortgage
Defined · s 2"mortgage" includes every kind of security for money charged on any kind of property and includes an agreement to mortgage; and
trust
Defined · s 2"trust" means an international trust except where the context otherwise requires;
trust instrument
Defined · s 2"trust instrument" means the written testamentary or other instrument if any by which, or on the terms of which, the trust is created (including any subsequent instruments affecting the terms or administration of the trust) or where the trust was not created by, or on the terms of, any written instrument refers to any trust instrument evidencing an oral declaration creating the trust. Application and restrictions.
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