International Trusts Order, 2000 · As enacted · Part X · Additional Provisions
99. Perpetuities and accumulations
Official textFrom Attorney General's Chambers, unchanged
International trusts shall not be subject to the following enactments or rules of law in so far as they apply in and are in force in Brunei Darussalam -
(a}
any rule against or limiting accumulation of trust funds under sections 164, 165 or 166 of the Law of Property Act, 1925 of the United
trust
"trust" means an international trust except where the context otherwise requires;
Kingdom; or
(bJ the rule of law prohibiting the limitation, after a life interest to an unborn person, of an interest in land to the unborn child or issue of an unborn person; or
person
"person" includes a natural person, any company or.association or body of persons, corporate or incorporated, including a partnership whether limited, unlimited or an international limited partnership created under the International Partnerships Order, 2000;
(c}
any rule against perpetuities or against perpetual trusts, to the intent that an international trust may continue in perpetuity.
Terms defined in s 2
land
Defined · s 2"land" includes buildings and other structures, land covered with water, and any estate, interest, easement, servitude or right in, to, over, or issuing out of, or derived from, land and any mines, minerals and mineral·like substances in or under land and rights of working and mining them and any parts or shares of land whether divided vertically or horizontally or in any other way, and includes undivided shares in any of the foregoing;
person
Defined · s 2"person" includes a natural person, any company or.association or body of persons, corporate or incorporated, including a partnership whether limited, unlimited or an international limited partnership created under the International Partnerships Order, 2000;
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
Defined · s 2"trust" means an international trust except where the context otherwise requires;
Part XI