Trusts (Special Provisions) Act 1989.
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LEX-FAOC108500
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This Act regulates certain aspects of trusts, i.e. a legal relationship created, either inter-vivos or on death in which assets are placed under the control of a trustee for the benefit of a beneficiary or for a specified purpose. Matters regulated include: governing law; capacity to create trusts; and jurisdiction of the Supreme Court. One Part of the Act is dedicated to special purpose trusts, i.e. trust created for a non-charitable purpose or purposes. No interest in land in Bermuda shall be held, directly or indirectly, in a purpose trust.
Amended by: Trusts (Special Provisions) Amendment Act 2014 (No. 22 of 2014). (2014-07-16)
