International Trusts Order, 2000 · As enacted
71. Allocations to purposes and methods of execution
Official textFrom Attorney General's Chambers, unchanged
( 1) If and so far as a contrary intention is not expressed in the trust instrument, and subject to the terms of that instrument, the trustees of an authorised purpose trust shall have power at their absolute discretion -
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.
(a}
to allocate capital and income among different purposes of the trust; and
(b}
to devise and determine the methods to be used to carry out the purposes of the trust.
trust
"trust" means an international trust except where the context otherwise requires;
Terms defined in s 2
authorised purpose trust
Defined · s 2"authorised purpose trust" has the meaning assigned by section 69(3);
instrument
Defined · s 2"instrument" includes a written law and an instrument made under such law;
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 IX
Part X
Additional Provisions
Part XI