# The Recognition of Trusts Act 1987 (Overseas Territories) Order 1989, 


The law specified by Article 6 or 7 shall govern the validity of the trust, its construction, its effects and the administration of the trust.
In particular that law shall govern —
(a) the appointment, resignation and removal of trustees, the capacity to act as a trustee, and the devolution of the office of trustee;
(b) the rights and duties of trustees among themselves;
(c) the right of trustees to delegate in whole or in part the discharge of their duties or the exercise of their powers;
(d) the power of trustees to administer or to dispose of trust assets, to create security interests in the trust assets, or to acquire new assets;
(e) the powers of investment of trustees;
(f) restrictions upon the duration of the trust, and upon the power to accumulate the income of the trust;
(g) the relationships between the trustees and the beneficiaries including the personal liability of the trustees to the beneficiaries;
(h) the variation or termination of the trust;
(i) the distribution of the trust assets;
(j) the duty of trustees to account for their administration.

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Source: https://www.legislation.gov.uk/uksi/1989/673/schedule/2/part/2/crossheading/3 (the official version)
Page: https://openlegislation.uk/recognition-of-trusts-act-1987-overseas-territories-order-1989/schedule-2/part-2/crossheading-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.