Section 16Part 2 — The rule against perpetuities
Foreign element
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A change of the governing law of a trust from the laws of the Islands is not invalidated by section 89(4) of the Trusts Act (2021 Revision) by reason of a possibility that the respective interests of the beneficiaries (including persons who may benefit from the operation of this Act) may be affected in consequence of the new governing law having a different rule against perpetuities or no such rule; but, unless authorised by the terms of the trust, no power to change the governing law may be exercised for the purpose of affecting such interests.
Cross References
- Section 89 of Trusts Act
Section 89(4) of the Trusts Act (2021 Revision)