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The Recognition of Trusts Act 1987 (Overseas Territories) Order 1989
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- UK Statutory Instruments
- 1989 No. 673
- SCHEDULE 1 TO THE ORDER
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Article 2(1)
SCHEDULE 1 TO THE ORDERTHE RECOGNITION OF TRUSTS ACT 1987 AND THE SCHEDULE THERETO AS MODIFIED AND EXTENDED TO THE TERRITORIES SPECIFIED IN SCHEDULE 2 TO THE ORDER
1.—(1) The provisions of the Convention set out in the Schedule to this Act shall have the force of law in the Territory.
(2) Those provisions shall, so far as applicable, have effect not only in relation to the trusts described in Articles 2 and 3 of the Convention but also in relation to any other trusts of property arising under the law of the Territory or by virtue of a judicial decision whether in the Territory or elsewhere.
(3) In accordance with Articles 15 and 16 such provisions of the law as are there mentioned shall, to the extent there specified, apply to the exclusion of the other provisions of the Convention.
(4) In Article 17 the reference to a State includes a reference to any country or territory (whether or not a party to the Convention) which has its own system of law.
(5) Article 22 shall not be construed as affecting the law to be applied in relation to anything done or omitted before the coming into force of this Act.
3.—(1) This Act may be cited as the Recognition of Trusts Act 1987.
(3) This Act binds the Crown.
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