Section 95Part 1 — Trusts Act
Definitions in this Part
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In this Part — “ beneficiary ” means a person who will or may derive a benefit or advantage, directly or indirectly, from the execution of a special trust; “ enforcer ” means a person who has standing to enforce a special trust; “ ordinary ”, in reference to a trust or power, signifies that it is a trust or power which is not subject to this Part; “ power ” includes an administrative power as well as a dispositive power; “ special ”, in reference to a trust or power, signifies that it is a trust or power which is subject to this Part; “ standing to enforce ” means the right or duty to bring an action for the enforcement of a special trust; and “ trust ” includes a trust of a power, as well as a trust of property, and “trustee” has a correspondingly extended meaning.
In this Part, a power is said to be held in trust if granted or reserved subject to any duty, expressed or implied, qualified or unqualified, to exercise the power or to consider its exercise.
Except as provided in subsections (1) and (2), terms and expressions defined in section 2 have the same meanings in this Part.