Last Updated: 1 December 2016

[FIP 10,050] The Trust Property10 

    10
  • (a)The Trust shall henceforth stand possessed of all of the property of the Trust and shall receive all dividends, interest and other income accrued or to be accrued or to accrue therefrom and to deal with the same in such manner as provided herein, provided however that the property of the Trust shall not be capable of being distributed, paid or transferred either in whole or in part thereof to or for the beneficiary until the vesting day hereinafter provided.
  • (b)The income of the Trust shall include all dividends, interest and other income derived from the property of the Trust after deducting costs and other expenditure incurred by the Board of Trustees.