International Trusts Order, 2000 · As enacted
70. [1)
Official textFrom Attorney General's Chambers, unchanged
A trust instrument may declare an authorised purpose trust of capital or income to take effect in possession before or after trusts affecting the same property, including trusts for persons or exclusively charitable purposes or other purpose trusts so far as valid.
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.
Terms defined in s 2
authorised purpose trust
Defined · s 2"authorised purpose trust" has the meaning assigned by section 69(3);
possession
Defined · s 2"possession" includes receipt of rents and profits or the right to receive the same, if any;
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
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 IX
Part X
Additional Provisions
Part XI