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( ) 1997
/ Cayman Islands The Special Trusts (Alternative Regime) Law, 1997 STAR
() 2011. Paragon Advice Group. .. , ...
Translation from English into Russian by Alexander S. Zakharov, PhD (Jurisprudence).
( ), 1997
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CAYMAN ISLANDS
THE SPECIAL TRUSTS (ALTERNATIVE
REGIME) LAW, 1997
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ARRANGEMENT OF SECTIONS
1. Short title.
2. Interpretation.
3. Application.
4. Ordinary trusts and powers.
5. Existing law.
6. Objects.
7. Enforcers.
8. Duties of enforcers.
9. Rights and remedies of enforcers.
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1. Short title
This Law may be cited as the Special Trusts (Alternative
Regime) Law, 1997.
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2. Interpretation
(1) In this Law, unless the context otherwise requires:
10. Uncertainty.
11. Cy-prs.
12. Trust corporation.
13. Theft.
14. Unlawful acceptance.
15. Foreign element.
16. Land in the Islands.
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5. Existing law
The law relating to special trusts and powers is the same
in every respect as the law relating to ordinary trusts and
powers, save as provided in this Law.
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6. Objects
(1) The objects of a special trust or power may be
persons or purposes or both.
(2) The persons may be of any number.
(3) The purposes may be of any number or kind,
charitable or non-charitable, provided that they are
lawful and not contrary to public policy.
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7. Enforcers
(1) A beneficiary of a special trust does not as such have
standing to enforce the trust, or an enforceable right
against a trustee or an enforcer, or an enforceable right
to the trust property.
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8. Duties of enforcers
(1) Standing to enforce a special trust may be granted or
reserved as a right or as a duty.
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10. Uncertainty
(1) Subject to subsection (4), a special trust is not
rendered void by uncertainty as to its objects or mode of
execution.
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11. Cy-prs
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13. Theft
(1) Section 227(1) of the Penal Code (1995 Revision)
does not apply in relation to special trusts.
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: 1997
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VIII
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