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}\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9907976\charrsid10632073 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid9907976\charrsid10632073 INTERNATIONAL TRUSTS AMENDMENT}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid3478017 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid9907976\charrsid3478017 1989}{\fs24\lang2057\langfe5129\langnp2057\insrsid9907976\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid7035034\charrsid10632073 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid7035034\charrsid10632073 ANALYSIS \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid7035034\charrsid10632073 \par Title \par \par 1. Short Title \par 2. Application }{\fs24\lang2057\langfe5129\langnp2057\insrsid15339030\charrsid10632073 of this Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid7035034\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15339030\charrsid10632073 3. }{\fs24\lang2057\langfe5129\langnp2057\insrsid333651\charrsid10632073 Interpretation}{\fs24\lang2057\langfe5129\langnp2057\insrsid7035034\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid333651\charrsid10632073 4. Application of this Act \par 5. Presumptions against avoidance of trusts \par 6. New sections inserted \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid11696905 {\fs24\lang2057\langfe5129\langnp2057\insrsid333651\charrsid10632073 13A. Bankruptcy \par 13B. Fraud \par 13C. Retention of control and benefits by settler \par 13D. Foreign judgments not enforceable \par 13E. Heirship rights \par 13F. Spendthrift beneficiary \par 13G. Governing law \par 13H. Matters determined by governing law \par 13I. Exclusion of foreign law \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid333651\charrsid10632073 7. Registration \par 8. Annual certificate of registration \par 9. Interpretation \par 10. Application of other Acts to international trusts \par 11. Resident beneficiary \par 12. Guarantee by Crown \par 13. Regulations \par }\pard \ql \fi426\li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid333651\charrsid10632073 Schedule \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid3742658\charrsid10632073 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 -------------------------------------------------}{\fs24\lang2057\langfe5129\langnp2057\insrsid3742658\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid3742658\charrsid10632073 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid333651\charrsid10632073 1989, No. 23 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid333651\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3742658 {\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 An Act to amend}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the International}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid333651\charrsid10632073 Trusts Act 1984}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \qr \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid333651\charrsid10632073 (8 September 1989 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid3742658\charrsid10632073 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 BE IT ENACTED}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 by the Parliament of }{\fs24\lang2057\langfe5129\langnp2057\insrsid333651\charrsid10632073 Cook Islands in }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Session assembled, and by the authority }{\fs24\lang2057\langfe5129\langnp2057\insrsid333651\charrsid10632073 of the same, as }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 follows: \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid333651\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 1.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Short Title}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 - }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 This Act may be cited as t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 h}{\fs24\lang2057\langfe5129\langnp2057\insrsid12397927 e I}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 nternational Trusts Amendment Act 1989 and shall be read together with and deemed par}{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 t of the International Trusts A}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ct 1984 (herein referred to as }{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the principal Act}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 )}{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 .}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 2. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Application of this Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 This Act shall apply }{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 to }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 every international trust settled or established after t}{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 he coming }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 into force of this Act and every disposition }{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11747037 property to such trust made after the coming into force of }{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 this Act, whether such property is situated }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 in the C}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 ook Islands or}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 elsewhere, unless, but without limiting}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 the}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 provisions of section 13G, }{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 exp}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ressly}{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 provided in such tr}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 ust o}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 r disposition that the governing law shall be other t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 han}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 that of the Cook Islands. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 3. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Interpretation}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (1) Section 2 of the principal}{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 Act}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 is amended by omitting the term }{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Disposition}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 and }{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 its }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 definition. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (2) Section 2 of the principal Act is further }{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 amended }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 by inserting therein, in alphabetical order,}{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 the following terms and }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 definitions}{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 ""}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 dispose and disposition}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 in relation }{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 to property }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 includes}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (a) every form of conveyance transfer}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 assignment }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 sale gift lease licence easement pro}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 fit}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 mortgage charge pledge encu}{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 m}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 brance or o}{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 ther}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 transaction absolute or limited by which}{\fs24\lang2057\langfe5129\langnp2057\insrsid401029 any}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 legal or equitable interest in property }{ \fs24\lang2057\langfe5129\langnp2057\insrsid14229082 is }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 created, transferred or extinguished; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (b) the disposal of an interest in or right ov}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 er}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 property by the exercise of a power }{\fs24\lang2057\langfe5129\langnp2057\insrsid70517 of }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 appointment, power of maintenance, power}{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 of }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 advancement or other authority; and a}{\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 lso}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 includes the conferring or variation }{ \fs24\lang2057\langfe5129\langnp2057\insrsid70517 or }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 surrender of such powers or authority; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid13985734 (c) a}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 contract to make any such disposit}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7282273\charrsid10632073 ion }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 referred to in paragraph (a) or (b);}{\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 formalities}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 in relation to a disposition of property means the documentary and other acti}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ns required generally by the laws of a relev}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 nt jurisdiction for all dispositions of like f}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 rm concerning}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 property of like nature, with}{\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ut regard to}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (a) the fact that the particular disposition}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16595104 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid16595104 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 made in trust; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (b) the terms of the trust; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (c) the circumstances of the parties to the disposition; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (d) the rights interest or any claim in the property or against the person making }{ \fs24\lang2057\langfe5129\langnp2057\insrsid13985734 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 he disposition held by a creditor; or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (e) any other particular circumstances, \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 but includes any special formalities required}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 by reason that the party effecting the disposition is not of full age, is subject to a mental or bodily infirmity or is a corporation; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 governing law}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 has the same meaning as the expression }{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 proper law}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 heirship right}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 means any right, }{\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 claim or interest in}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 , against or to property of a }{\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 person arising or }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 accruing in consequence of that }{\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 person}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 '}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 s death, }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 other than any}{\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 such right, claim or interest }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 created by will or}{\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 other voluntary disposition by such person or resulting from an express limitation in the disposition of the property of such person; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Judgement}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 means a judgement or order given or made by a Court in any civil proceedings, or a judgement or order given or made by a Court in any criminal proceedings and includes an award in proceedings on an arb itration if the award has, in pursuance of the law in force in the place }{\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 where it}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 was made, become enforceable in the same manner as a judgement given by a Court in that }{\fs24\lang2057\langfe5129\langnp2057\insrsid11032123 pl}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ace; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 personal relationship}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 includes every form of relationship by blood or marriage, including former marriage, and in particular a personal relationship }{ \fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 between two persons exists if:-}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (a) one is the child of the other, natural or adopted (whether or not the adoption is recognise d by law), legitimate or illegitimate; or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 (b}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ) one is married to the other (whether }{\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 r not the marriage is recognised by law); or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (c) one cohabits with the other or so conducts himself or herself in relation to the other as to give rise in any jurisdiction to any rights, obligations or responsibilities analogous to those of parent and c}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 h}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ild or husband and wi}{\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 fe; }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 (d}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ) personal relationships exist between each of them and a third person, \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 but no change in circumstances causes a personal relationship, }{ \fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 once established, to terminate; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 protecto}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 in relation to an international trust means a person who is the holder of a power which who}{\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 m }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 invoked is capable of directing a trustee in matters relating to the trust and in res}{\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 p}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ect of which matters the trustee has a discret}{\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 on and includes a person who is the holder of a p}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 wer of appointment or dismissal of trustees; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 se}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ttlor}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 in relation to an international trust means and includes an assignor of property to an international trust and each and every person}{\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 who, di rectly or indirectly, on behalf of himself or on behalf of any other or others, as owner or as the holder of a power in that behalf, disposes of property to be held in such trust or declares or otherwise creates such trust.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9112346\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (3) Section 2 of the principal Act is further amended by adding thereto the following subsection}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 (2) Every reference to an instrument trust or disposition shall, unless, the context otherwise requires include every variation or amendment thereto.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 \par 4 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 Application of this Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 Section 5(1) of the principal Act is amended by adding the following paragraph }{\fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 \par \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 (c) any disposition to or by an international trust.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 \par 5. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 Presumption against avoidance of trusts}{\fs24\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 (1) Section 11 of the principal Act is repealed and the following section substituted:- \par \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 11. }{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 Power of revocation}{\fs24\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 Unless an international trust contains an express power of revocation it shall be deemed to be irrevocable by the settler and his legal personal representatives notwithstanding that it is voluntary.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 " }{\fs24\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 (2) Notwithstanding the repeal of section 11}{ \fs24\lang2057\langfe5129\langnp2057\insrsid3951051\charrsid10632073 of the principal Act every matter, act or thing done pursuant to that section before the coming into force of this Act }{\fs24\lang2057\langfe5129\langnp2057\insrsid13648903 shall, }{ \fs24\lang2057\langfe5129\langnp2057\insrsid3951051\charrsid10632073 if}{\fs24\lang2057\langfe5129\langnp2057\insrsid13648903 such matter, act or thing}{\fs24\lang2057\langfe5129\langnp2057\insrsid3951051\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid13648903 was validly done, remain so valid after the coming into force of this Act as if that}{\fs24\lang2057\langfe5129\langnp2057\insrsid3951051\charrsid10632073 section had not been repealed.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9451166\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid3951051\charrsid10632073 \par 6. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid3951051\charrsid10632073 New sections inserted}{\fs24\lang2057\langfe5129\langnp2057\insrsid3951051\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid3951051\charrsid10632073 The principal Act is amended by inserting after section 13 the following sections }{\fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid3951051\charrsid10632073 \par \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid3951051\charrsid10632073 13A. }{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid3951051\charrsid10632073 Bankruptcy}{\fs24\lang2057\langfe5129\langnp2057\insrsid3951051\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9587645 Notwithstanding any provision }{\fs24\lang2057\langfe5129\langnp2057\insrsid3951051\charrsid10632073 of the law of the settlor}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 '}{ \fs24\lang2057\langfe5129\langnp2057\insrsid3951051\charrsid10632073 s domicile or place of ordinary residence or the settlor}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid3951051\charrsid10632073 s current place of incorporation and not withstanding further that an international trust is voluntary and without valuable consideration being given for the same, or is made on or for the benefit of the settlor }{ \fs24\lang2057\langfe5129\langnp2057\insrsid9587645 spouse or children of the settlor }{\fs24\lang2057\langfe5129\langnp2057\insrsid3951051\charrsid10632073 or any of them, an international trust and a disposition to an international trust shall not be void or voidable in the event of the settlor}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 '}{ \fs24\lang2057\langfe5129\langnp2057\insrsid3951051\charrsid10632073 s bankruptcy insolvency or liquidation (other than in the case of an interna tional company registered pursuant to the International Companies Act 1981-82 that is in liquidation) or in any action or proceedings at the }{\fs24\lang2057\langfe5129\langnp2057\insrsid7613511\charrsid10632073 suit of cre}{ \fs24\lang2057\langfe5129\langnp2057\insrsid3951051\charrsid10632073 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid7613511\charrsid10632073 itors of the settlor but shall, remain valid and subsisting and take effect according to its tenor subject to the provisions of section 13B. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid7613511\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid7613511\charrsid10632073 13B. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7613511\charrsid10632073 Fraud}{ \fs24\lang2057\langfe5129\langnp2057\insrsid3951051\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7613511\charrsid10632073 (1) Where it is proven beyond reasonable doubt by a creditor that an international trust settlor or established or property disposed to an international trust }{\fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid3951051\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid7613511\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid7613511\charrsid10632073 (a) Was so settled established or disposed by or on behalf of the settlor with principal intent to defraud that creditor of the settlor; and \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid7613511\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid7613511\charrsid10632073 (b) did at the time such settlement established or di sposition took place render the settlor, insolvent or without property by which that creditor}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid7613511\charrsid10632073 s claim (if successful) could have been satisfied,}{\fs24\lang2057\langfe5129\langnp2057\insrsid594734 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid594734 {\fs24\lang2057\langfe5129\langnp2057\insrsid594734 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid594734 {\fs24\lang2057\langfe5129\langnp2057\insrsid7613511\charrsid10632073 then such settlement established or disposition }{ \fs24\lang2057\langfe5129\langnp2057\insrsid9133714\charrsid10632073 shall not be void or voidable and the international trust shall be liable to satisfy the creditor}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 '}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9133714\charrsid10632073 s claim out of the property which but for the settlement established or disposition would have been available to satisfy the creditor}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15354633 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid9133714\charrsid10632073 s claim and such liability shall only be to the extent of the interest that the settlor had in the }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7613511\charrsid10632073 property p}{\fs24\lang2057\langfe5129\langnp2057\insrsid9133714\charrsid10632073 rior to settlement establishment or disposition and any }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7613511\charrsid10632073 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid9133714\charrsid10632073 ccumulation to the property (if any) subsequent thereto}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7613511\charrsid10632073 . \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid7613511\charrsid594734 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid594734 {\fs24\lang2057\langfe5129\langnp2057\insrsid594734 (2) In dete}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid594734 r}{ \fs24\lang2057\langfe5129\langnp2057\insrsid594734 mining whether an international trust,}{\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 settled or established or }{\fs24\lang2057\langfe5129\langnp2057\insrsid594734 a disposition, has rend}{\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 ered the settlor insolvent or }{\fs24\lang2057\langfe5129\langnp2057\insrsid16533866 without property }{ \fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 by which a creditor}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 s claim (if }{ \fs24\lang2057\langfe5129\langnp2057\insrsid16533866 successful) may be }{\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 satisfied, regard shall be had to }{\fs24\lang2057\langfe5129\langnp2057\insrsid16533866 the fair market }{ \fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 value of the settlor}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 s property, (not being }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7165067 property }{\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 or relating to the trust) at the time immediately after the settlement establish}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7165067 m}{\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 ent or }{\fs24\lang2057\langfe5129\langnp2057\insrsid6554322 the }{ \fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 disposition referred to in subsection (1)(b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid7165067 and }{\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 in the event that the }{\fs24\lang2057\langfe5129\langnp2057\insrsid7165067 fair market value of such }{\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 property exceeded the}{\fs24\lang2057\langfe5129\langnp2057\insrsid13585836 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7165067 value of the creditor\rquote s claim,}{\fs24\lang2057\langfe5129\langnp2057\insrsid13585836 }{\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 at that time, after the settlement establishment }{\fs24\lang2057\langfe5129\langnp2057\insrsid7165067 or }{\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 disposition, then the trust so settled }{\fs24\lang2057\langfe5129\langnp2057\insrsid7165067 or }{\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 established or the disposition shall for purposes of this Act be deemed not to have be}{\fs24\lang2057\langfe5129\langnp2057\insrsid14642350 en so}{ \fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 settled established or the property disposed of intent to defraud the creditor. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid594734 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid594734 {\fs24\lang2057\langfe5129\langnp2057\insrsid594734 (3) }{\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 An international trust}{ \fs24\lang2057\langfe5129\langnp2057\insrsid594734 settled or established and a disposition to such trust shall not be fraudulent as against a creditor of a settlor if }{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid594734 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid594734 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid594734 {\fs24\lang2057\langfe5129\langnp2057\insrsid594734 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 settled established or }{ \fs24\lang2057\langfe5129\langnp2057\insrsid9452322 the disposition }{\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 takes place after the }{\fs24\lang2057\langfe5129\langnp2057\insrsid9452322 expiration of 2 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 years from the date that }{\fs24\lang2057\langfe5129\langnp2057\insrsid6500818 creditor\rquote s cause }{\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 of action accrued; and \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid594734 {\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 (b) the creditor fails to bring such action before the expiration of 1 year from the date such settlement establishment or disposition of property took place. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid594734 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid594734 (4) An international trust settled or established and a disp osition of property to such trust shall not be fraudulent as against a creditor of a settl}{\fs24\lang2057\langfe5129\langnp2057\insrsid1115871 or if the settlement establishment}{\fs24\lang2057\langfe5129\langnp2057\insrsid594734 or disposition of property took place before that creditor}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid594734 s cause of action against the settlor accrued or had arisen. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid594734 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3742658 {\fs24\lang2057\langfe5129\langnp2057\insrsid594734 (5) A settlor or shall not have imputed to him an intent to defraud a creditor, solely by reason that the settlor }{ \fs24\lang2057\langfe5129\langnp2057\insrsid15354633 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid594734 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid594734 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid594734 {\fs24\lang2057\langfe5129\langnp2057\insrsid594734 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 Has settled or established an international trust or has disposed of property to such trust within two years from the date of that creditor}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 '}{ \fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 s cause of action accruing; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid594734 {\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid594734 {\fs24\lang2057\langfe5129\langnp2057\insrsid594734 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 Has retained, possesses or acquires any of the powers or benefits r}{\fs24\lang2057\langfe5129\langnp2057\insrsid594734 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 fer}{\fs24\lang2057\langfe5129\langnp2057\insrsid594734 red t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 o i}{\fs24\lang2057\langfe5129\langnp2057\insrsid594734 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid594734\charrsid10632073 paragraphs (a) to (f) of section 13C}{ \fs24\lang2057\langfe5129\langnp2057\insrsid594734 . \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid594734 {\fs24\lang2057\langfe5129\langnp2057\insrsid594734 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid594734 {\fs24\lang2057\langfe5129\langnp2057\insrsid594734 (c) Is a beneficiary. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid594734 {\fs24\lang2057\langfe5129\langnp2057\insrsid594734 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid12740357 {\fs24\lang2057\langfe5129\langnp2057\insrsid594734 (6) Where an }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 international trust is liab}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 le to}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 satisfy a creditor}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 '}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 s claim in th}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 e manner provided for in sub}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 section (1) but is unable to d}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 so }{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 b}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 y reason}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 of}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 fact}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 that}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 property}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 h}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 as}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 bee}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 n disposed of, other than to a bona }{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 fide}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 purchas}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 er }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 o}{ \fs24\lang2057\langfe5129\langnp2057\insrsid83470 r value, then any such}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 disposition shall be void. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid12740357 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (7) For the purpose of this section the onus }{ \fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 f p}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 r}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 oof of the settler}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 s intent}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 to defraud t}{\fs24\lang2057\langfe5129\langnp2057\insrsid13179432 he}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 creditor lies on the creditor}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 .}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 13C.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid13179432 Retention}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid13179432 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid13179432 of}{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid13179432 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid13179432 control}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid13179432 }{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid13179432 and}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid13179432 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid13179432 bene}{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid13179432 fits}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid13179432 by settlor}{\fs24\lang2057\langfe5129\langnp2057\insrsid13179432 - }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 An international trust and}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 a registered instrum}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 en}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 t shall not be declared invalid or a disposition declared void or be affected in any way by r}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ason }{ \fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 f the fact that the settl}{\fs24\lang2057\langfe5129\langnp2057\insrsid16648637 o}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 r, and if more than o}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 ne}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 , }{ \fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ny of them, either}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (a) Retains possesses or acquires a power }{ \fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 to }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 revo}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 k}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 e the trust or instrument; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 (b}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ) Retains po}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 ssesses or acquires a powe}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 r }{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 o}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 f disposition over property of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 rust }{ \fs24\lang2057\langfe5129\langnp2057\insrsid13837226 or}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 subject of the instrument; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (c) Retains possesses or acquires a p}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 w}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 e}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 r t}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 amend the trust or instrument; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 d}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ) Retains possesses or acquir}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 s any ben}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid6695823 fit}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 interest or property from}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid13253361 the trust }{\fs24\lang2057\langfe5129\langnp2057\insrsid6695823 or }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 any disposition or p}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 u}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 rsuant to t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6695823 he}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 instrument; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (e) Retains possesses or acquires the power t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 o remove or appoint a trustee or }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 protecto}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 r }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (f) Reta}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 ins possesses or acquires the po}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 w}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 er}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 to direct a trustee or protector on a}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 y }{ \fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 matte}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 r; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (g) }{\fs24\lang2057\langfe5129\langnp2057\insrsid2110598 I}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 s a beneficiary of }{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 he tr}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 ust }{\fs24\lang2057\langfe5129\langnp2057\insrsid2110598 or }{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 instrument either solely o}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 r tog}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 he}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 r wi}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 h others.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid13179432 1}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 3D.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid13179432 Fo}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid13179432 reig}{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid13179432 n j}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid13179432 ud}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid13179432 g}{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid13179432 ments not }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid13179432 e}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid13179432 nforc}{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid13179432 e}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid13179432 able}{\fs24\lang2057\langfe5129\langnp2057\insrsid13179432 - }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Notwithstanding}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid13179432 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid13179432 \par }\pard \ql \li1418\ri0\widctlpar\faauto\adjustright\rin0\lin1418\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid13179432 (a) The provisions of any treaty; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid13179432 \par }\pard \ql \li1418\ri0\widctlpar\faauto\adjustright\rin0\lin1418\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid13179432 (b) The provisions of any statute; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid13179432 \par }\pard \ql \li1418\ri0\widctlpar\faauto\adjustright\rin0\lin1418\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid13179432 (c) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 Any rule of law, or equity}{ \fs24\lang2057\langfe5129\langnp2057\insrsid13179432 , \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid13179432 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 to the contrary, no proceedings for or in relation to enforcement or recognition of }{ \fs24\lang2057\langfe5129\langnp2057\insrsid13179432 a }{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 judgment }{\fs24\lang2057\langfe5129\langnp2057\insrsid13179432 obtained in }{ \fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid13179432 jurisdiction other than the Cook Islands against either }{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid13179432 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid13179432 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid13179432 (d) An in}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid13179432 ernational trust;}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid13179432 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid13179432 (e) A settlor }{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 of an international trust;} {\fs24\lang2057\langfe5129\langnp2057\insrsid15290837 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid13179432 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 (f) A trustee of an international trust; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 (g) A protector of an international trust; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (h) A beneficiary of an international}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 rust;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (i) A person appointed or instructe}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 in a}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 ccordance with the express or im}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 plied provisions of an instrument or disposition}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 to}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 exercise}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 funct}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 on or undertake any act matter or thi }{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 g in connection with an international }{\fs24\lang2057\langfe5129\langnp2057\insrsid13585836 t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 rust; or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (j) Property of either an international trust, or of a trustee or a beneficiary thereof; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 shall be entertained by any Court in the Cook Islands if}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15290837\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (k) that judgement is based upon the application of any law inconsisten}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 with the provisions of this Act; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13179432 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 l}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ) that judgement relates to a mater or particular aspect that is governed }{\fs24\lang2057\langfe5129\langnp2057\insrsid12810688 b}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 y the law of the Cook Islands. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 13E.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid13253361 Heirship rights}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 No international trust or any aspect of such trust governed by the laws of the Cook Islands and no disposition of property t o be held upon the trusts thereof is void, voidable, liable to be set aside or defective in any fashion, nor is the capacity of any settlor to be questioned by reason that such trust or disposition may avoid or defeat the right, claim or interest of a per son held by reason of a personal relationship to the settlor or by way of heirship rights. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 13F. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid13253361 Spendthrift beneficiary}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid15354633 }{\fs24\lang2057\langfe5129\langnp2057\insrsid10632073\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 (1) For the purp}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 oses of this Act, and notwithstanding any rule of l}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 a}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 w or equity to the contrary, it shall be lawful fo}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 r}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 an instrument or disposition to provide that any e}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 s}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 tate or interest in any property given or to be giv}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 e}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 n to any beneficiary shall not during the life of that beneficiary or such lesser period as ma}{\fs24\lang2057\langfe5129\langnp2057\insrsid12927243 y}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 be specified}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 in the instrument or disposition}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 be alienated or pass by bankruptcy, insolvenc}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 y}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 or liquidation or be liable to be seized, }{\fs24\lang2057\langfe5129\langnp2057\insrsid12927243 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 old, attached, or taken in execution by process of law and where so provided such provision shall take effect accordingly. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (2) Where property is given subject to any of the restrictions contained in subsection (1), the right to derive income from such property by a benefi}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 c}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 iary and any income derived therefrom shall not pa}{\fs24\lang2057\langfe5129\langnp2057\insrsid8282402 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 s by bankruptcy, insolvency or liquidation or be }{ \fs24\lang2057\langfe5129\langnp2057\insrsid8282402 li}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 able to be seiz}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 ed attached or taken in executio}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 n by process of law. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (3) Where property is given subject to a restriction against alienation then this right to derive income from that property shall not be alienated. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (4) A restriction imposed by this section o}{\fs24\lang2057\langfe5129\langnp2057\insrsid13253361 r }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 by an instrumen}{\fs24\lang2057\langfe5129\langnp2057\insrsid7486209 t or disposition that property o}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 r the right to derive income from such property shall not}{\fs24\lang2057\langfe5129\langnp2057\insrsid7486209 b}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 e alienated or that such property or the right to derive income or the income from such property s}{\fs24\lang2057\langfe5129\langnp2057\insrsid7486209 h}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 all not pass by bankruptcy insolvency or liquidation or be }{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 liable to be seized sold or atta}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ched or taken in execution by process of law may at any time a}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ter such property has been given removed if provided for in the instrume}{\fs24\lang2057\langfe5129\langnp2057\insrsid7486209 nt or disposition and in the ma}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 nor specified therein. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 13G.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid13253361 Governing law}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid13253361 }{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 - }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 In determining the governing law of }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10428003 an international trust regard sh}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 all first be had to the terms of that trust and to any evidence therein }{ \fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 as to the intention of the parti}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 es; and the other circumstances of an international trust may be taken into account only if th}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 term}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10428003 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 of the trust fail to provide such evidence. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (2) A term of an international trust expre}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 sly selecting the laws of the Cook Islands to govern the trust is valid, effective and conclusive regard}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 l}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ess of any other circumstances. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (3) A term of an international trust that the laws of the Cook Islands are to govern a p}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 rtic}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 u}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 lar aspect of the trust or that the Cook Islands or the courts}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 of}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Cook}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Islands are the forum for the administration of the trusts or any like provision is conclusive evidence, subject to any contrary term of}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the trust, that the parties intended the laws of the Cook Islands to be the governing law of the trust and is valid and effective accordingly. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (4) The governing law of an international trust may be changed to or from the laws of the Cook Islands provided that: \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (i)}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 in the case of a change to the law of the Cook Islands, such change is recognised by the governing law of the trust previously in effect; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (ii)}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 in the case of a change from the law of the Cook Islands, the new governing law would recognise the validity of the trust and the respective interests of the beneficiaries. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (5) A change in governing law shall, not aff}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ct the legality or}{\fs24\lang2057\langfe5129\langnp2057\insrsid6706381 validity of, or render any pers}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 on liable for, any thing done before the change. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 13H.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid13253361 Matters determined}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid13253361 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid13253361 by governing }{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid13253361 law}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 A}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 ll}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 questions arising in regard to an intern }{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 tion}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 al}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 trust which is for the time being governed by t}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 h}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 e laws of the Cook Islands or in regard to any disposition of property upon the trusts thereof including, without prejudice to the gener}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 lit}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 y}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 of }{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 the foregoing, questions as to:-}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (a) subject to subsection 2(c), the capacity of any settlor; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (b) any aspect of the validity of the t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 ru}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 st or disposition or the interpretation or}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid3539049 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ffect thereof; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (c) the administration of the trusts, whether the a}{ \fs24\lang2057\langfe5129\langnp2057\insrsid13253361 dministration be conducted in th}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 e Cook Islands or elsewhere, including qu}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 stions as to}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 powers, obligations, liabilitie}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 s and rights of trustees and their appointment and removal; or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (d) the existence and extent of powers, conferred or retained, including powers of variation or revocation of the tr}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 u}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 st and powers of appointment, and the valid}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ty of any exercise thereof, \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13253361 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 are to be determined according to the laws o}{\fs24\lang2057\langfe5129\langnp2057\insrsid7737124 f }{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the Cook Islands, without reference to the laws }{ \fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 f any other jurisdiction with which an inter}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 national trust or disposition ma}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 y b}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 e}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4734967 connec}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ted. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid4734967 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Subject}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 to}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 provisio}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 s}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 of}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 this}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Act subsection (1) shall}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid4734967 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 not validate any}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 disposition}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 of}{\fs24\lang2057\langfe5129\langnp2057\insrsid9327704 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 p}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 roperty which is neither owned b}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 y th}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 sett}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 l}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 r }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the subject}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 of}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 power}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 in}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 that}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 b}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4734967 ehalf }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 vested in the settlor, nor does that subsection affect the recognitio}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 of forei}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 g}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8136129 n laws in determining whether}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the sett}{\fs24\lang2057\langfe5129\langnp2057\insrsid8136129 lor is the owner of such propert}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 y or the holder of such a power; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid9327704 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (b) take effect }{\field\fldedit{\*\fldinst { \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 HYPERLINK http://subject.to }{\fs24\lang2057\langfe5129\langnp2057\insrsid5841637\charrsid10632073 {\*\datafield 00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b2600000068007400740070003a002f002f007300750062006a006500630074002e0074006f002f00000000009d0000dd000000}}}{\fldrslt { \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 subject to}}}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 any express }{\fs24\lang2057\langfe5129\langnp2057\insrsid4090720\charrsid10632073 con}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4090720 tra}{\fs24\lang2057\langfe5129\langnp2057\insrsid4090720\charrsid10632073 ry}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 term of the trust or disposition; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid9327704 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (c) as regards the capacity of a corporation, not affect the recognition of the law}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15354633 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 s of its place of incorporation; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid9327704 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (d) not affect the recognition of foreign laws prescribing generally (without ref}{ \fs24\lang2057\langfe5129\langnp2057\insrsid5594617 erence}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 to the existence or terms of the trust) the formalities for the disposition of property; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid9327704 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (e) not validate any trust of real propert}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10632073\charrsid10632073 y}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 or disposition of real property situate i}{\fs24\lang2057\langfe5129\langnp2057\insrsid9327704 n}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 a jurisdiction other than the Cook Isl}{\fs24\lang2057\langfe5129\langnp2057\insrsid10632073\charrsid10632073 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 nds which is void ab initio according to the laws of such jurisdiction; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid9327704 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (f) not validate any testamentary trust or testamenta}{ \fs24\lang2057\langfe5129\langnp2057\insrsid1070573 ry disposition which is invalid}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 , according to the laws of the testato}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10632073\charrsid10632073 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 s domicile. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid4734967 {\fs24\lang2057\langfe5129\langnp2057\insrsid1070573 13I}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 . }{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid4734967 Exclusion of foreign}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid4734967 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid4734967 law}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Without limitin}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 g}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the generality of section 13H it is expressly dec}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 la}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 red that no international trust governed by the la}{\fs24\lang2057\langfe5129\langnp2057\insrsid1070573 w}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 s of the Cook Islands and no disposition of propert}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 y}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 to be held upon the trusts thereof is void, void}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 a}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ble, liable to be set aside or defective in any fas}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 h}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ion, nor is the capacity of any settlor to be quest}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 ioned by reason that:-}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid4734967 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (a) the laws of any foreign jurisdiction prohibit or do not recognise the conce pt of a trust either in part or in whole; or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid4734967 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (b) the international trust or dispos}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 tion avoids or de}{\fs24\lang2057\langfe5129\langnp2057\insrsid2821692 feats rights, claims}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 or interests conferred by the law of a foreign jurisdiction upon any person or, contravenes any rules of foreign law o}{\fs24\lang2057\langfe5129\langnp2057\insrsid2821692 r}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 any foreign judicial or administrative ord}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 r or action intended to recognise, pro}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ect, enforce or give effect to any such }{ \fs24\lang2057\langfe5129\langnp2057\insrsid16595104 rights, claims or interests; or}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid4734967 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (c) the laws of the Cook Islands}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 or}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the provisions of this Act or the principa}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 l}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Act are inconsistent with any foreign law. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 7. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid4734967 Registration}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (1) Section 15 of the principal Act is amended by inserting after subsection (3) the following subsection}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid16595104 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid15076610 {\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (4) Every trust registered in accordance with subsection (2) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 within 30 days of the trust bei}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ng settled or established shall be deemed to have been so registered at the time it was settled or established and the provisions of this Act shall apply to such trust from that time as if it were an international trust. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13059276 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 2}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ) A trust registered in accordance with section 15 of the principal Act before the coming into force of this Act shall, notwithstanding that it was so registered after it was settled or established, be deemed to have been registered from the time that it was settled or established. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 8. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid4734967 Annual certificate of registration}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (1) Sectio}{\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 n}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 16 of the principal Act is amended by deleting subsection (3) and substituting the following subsections}{\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid8937789 {\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (3) Application for renewal of registration may be made wit}{\fs24\lang2057\langfe5129\langnp2057\insrsid9327704 hin the period of 90 days of the d}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 at}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9327704 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 of expiry of the last certificate of registration and subject to secti}{\fs24\lang2057\langfe5129\langnp2057\insrsid14170872 on 26, no application for renewal}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 of registration pursuant to subsection (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 shal}{\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 l}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 be granted where application is not made or the prescribed fee paid within such period. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid8937789 {\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid8937789 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (4) Every ren}{\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 e}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 wal of registration grant}{\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 d shall take effect from the date of expiry of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 l}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ast certificate of registration.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (2) Every renewal of registration granted }{\fs24\lang2057\langfe5129\langnp2057\insrsid16466505 before the }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 coming into force of this Act shall notwit}{\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 h}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 stan}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 ding}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid8863801 that such }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 renewal may have been granted after the expiry of }{\fs24\lang2057\langfe5129\langnp2057\insrsid8863801 the last }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 certificate of registration be deemed to have b}{\fs24\lang2057\langfe5129\langnp2057\insrsid8863801 een granted}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 upon the expiry of that certificate of registratio}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 n.}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 9. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid4734967 Interpretation}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (1) Section 20 of the pr}{\fs24\lang2057\langfe5129\langnp2057\insrsid8937789\charrsid10632073 incipal Act}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 is repealed. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (2) Notwithstanding the repeal of section }{\fs24\lang2057\langfe5129\langnp2057\insrsid2586761 20 of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 principal Act every matter act or thing done pursu}{\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 ant to}{\fs24\lang2057\langfe5129\langnp2057\insrsid4734967 that}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 section before the coming into force of this A}{\fs24\lang2057\langfe5129\langnp2057\insrsid4734967 ct}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid2586761 shall if }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 such matter act or thing was validly done remain }{\fs24\lang2057\langfe5129\langnp2057\insrsid2586761 so valid }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 after the coming into force of this Act as if t}{\fs24\lang2057\langfe5129\langnp2057\insrsid2586761 hat section had }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 not been repealed. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 10.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid4734967 A}{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid4734967 p}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16595104\charrsid4734967 plication of other Acts to }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid4734967 int}{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid4734967 er}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid4734967 na}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4734967 t}{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid4734967 ion}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4734967 al trusts}{\fs24\lang2057\langfe5129\langnp2057\insrsid4734967\charrsid4734967 - }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid4734967 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Section}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 21}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 principal}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Act is repea}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4734967 led and the }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 following section substituted}{\fs24\lang2057\langfe5129\langnp2057\insrsid4734967 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid4734967 {\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 21. }{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid11214941 Application of other enactments}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (1) }{\fs24\lang2057\langfe5129\langnp2057\insrsid2586761 Subject to }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 section 3 no enactment other}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2586761 than this Act the}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 principal Act and the enactments set }{\fs24\lang2057\langfe5129\langnp2057\insrsid2586761 out in the }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Schedule to this Act shall}{\fs24\lang2057\langfe5129\langnp2057\insrsid15076610\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid9896369 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid9896369 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (a) impose}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid15354633 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9896369 {\fs24\lang2057\langfe5129\langnp2057\insrsid9896369\charrsid10632073 \par }\pard \ql \li2160\ri0\widctlpar\faauto\adjustright\rin0\lin2160\itap0\pararsid9896369 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (i)}{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 any liability, duty, resp}{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 onsibility, }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 obligation or restriction; o}{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9896369 {\fs24\lang2057\langfe5129\langnp2057\insrsid9896369\charrsid10632073 \par }\pard \ql \li2160\ri0\widctlpar\faauto\adjustright\rin0\lin2160\itap0\pararsid9896369 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (ii)}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 any fee, impost, tax, levy, }{\fs24\lang2057\langfe5129\langnp2057\insrsid2586761 dues, duty, }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 or excise;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9896369 {\fs24\lang2057\langfe5129\langnp2057\insrsid9896369\charrsid10632073 \par }\pard \ql \li2160\ri0\widctlpar\faauto\adjustright\rin0\lin2160\itap0\pararsid9896369 {\fs24\lang2057\langfe5129\langnp2057\insrsid9896369 (iii) any fine or penalty \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2586761 {\fs24\lang2057\langfe5129\langnp2057\insrsid2586761 \par }\pard \ql \fi-11\li1418\ri0\widctlpar\faauto\adjustright\rin0\lin1418\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid2586761 on an international trust; or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9896369 {\fs24\lang2057\langfe5129\langnp2057\insrsid9896369 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid9896369 {\fs24\lang2057\langfe5129\langnp2057\insrsid9896369 (b) r}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 equire}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9896369 {\fs24\lang2057\langfe5129\langnp2057\insrsid9896369\charrsid10632073 \par }\pard \ql \li2160\ri0\widctlpar\faauto\adjustright\rin0\lin2160\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (i)}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the deposit }{\fs24\lang2057\langfe5129\langnp2057\insrsid9896369 of any moneys in any public }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 account;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid9896369\charrsid10632073 \par }\pard \ql \li2160\ri0\widctlpar\faauto\adjustright\rin0\lin2160\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (ii)}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the filing of any accounts}{\fs24\lang2057\langfe5129\langnp2057\insrsid9896369 ,}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 re}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9896369 turns, re}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ports or records; or}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid9896369\charrsid10632073 \par }\pard \ql \li2160\ri0\widctlpar\faauto\adjustright\rin0\lin2160\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (iii)}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 he licensing or registration of}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 any document act matter or thing pertaining to an international trust,}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9896369 {\fs24\lang2057\langfe5129\langnp2057\insrsid9896369\charrsid10632073 \par }\pard \ql \fi-11\li1418\ri0\widctlpar\faauto\adjustright\rin0\lin1418\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 by an international trust. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (2) Notwithstanding subsection (1), an international trust shall not be required to register as a foreign enterprise pursuan}{\fs24\lang2057\langfe5129\langnp2057\insrsid2586761 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2586761 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the provisions of the Development Investment Act 1977 and shall not be subject to that Act by reason only that it}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9896369 }{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (a) carries on business with another international trust; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (b) carries on business with an international company registered under the provisions of the International Companies Act 1981}{\fs24\lang2057\langfe5129\langnp2057\insrsid9896369 - }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 82; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (c)}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 carries, on business with a foreign company registered under the provisions of the International Companies Act 1981}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid9327704 - }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 82; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (d) carries on business with an international partnership registered u nder the International Partnership Act 1984; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (e) obtains legal advice or legal representation; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (f) obtains accounting advice or has its a}{ \fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 c}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 cou}{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 n}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ts prepared or audited; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (g) operates a bank account for the: purpose of either depositing, receiving or transmi tting money due or owing by such trust or undertakes a transaction with a bank for purposes principally associated with the objects of the trust; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (h) utilises the services of a trustee company or any subsidiary of such company. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (i) undertakes any act matter or thing as may prescribed by regulation.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid5653902 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (2) The Queen}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 '}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 s Represen}{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ative may by Order }{ \fs24\lang2057\langfe5129\langnp2057\insrsid9896369 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 n Executive Council amend the Schedule to this Act by omitting therefrom or adding thereto any enactment (including any regulation) and may in like manner determine whether}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 n enactment or regulation shall be omitted or added ei}{ \fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 th}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 r}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 in }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 whole o}{ \fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 in part. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5653902 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (3) Notwithstandin}{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 g the repeal of section 21 of th}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 e principal Act, every matter, act or thing done pursuant }{\fs24\lang2057\langfe5129\langnp2057\insrsid75706 t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 o that section before the coming into force of this Act shal}{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 l, }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 if such matter, act or thing was validly done remain so valid after the coming into for}{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 ce of this Act as if that sectio}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 n had not been repealed. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16584439 1}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 1. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid16584439 Resident beneficiary}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Section 22 of the princip}{ \fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 al}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Act is amended by}{\fs24\lang2057\langfe5129\langnp2057\insrsid16584439 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16584439 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (a) inserting after the heading }{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Reside}{\fs24\lang2057\langfe5129\langnp2057\insrsid75706 nt}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 beneficiary}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ; and \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16584439 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (b) adding the following subsection}{\fs24\lang2057\langfe5129\langnp2057\insrsid75706 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid16584439 {\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (2) For the purposes of this section }{ \fs24\lang2057\langfe5129\langnp2057\insrsid75706 an }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 international company, a foreign company, }{\fs24\lang2057\langfe5129\langnp2057\insrsid75706 an }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 international partnership, and an internation}{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 al}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 trust shall be deemed }{\field\fldedit{\*\fldinst {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 HYPERLINK http://not.to }{ \fs24\lang2057\langfe5129\langnp2057\insrsid5841637\charrsid10632073 {\*\datafield 00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b1e00000068007400740070003a002f002f006e006f0074002e0074006f002f000000000000000009000000}} }{\fldrslt {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 not}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 to}}}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 be resident in the}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Cook Islands.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16584439 1}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 2. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid16584439 Guarantee by Crown}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 - The principal Act is ame}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 nd}{ \fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 d inserting after section 27 the following section}{ \fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16584439 {\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 27A. }{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid16584439 Guarantee by Crown}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 The Crown guarantees all international trusts that there shall be to compulsory acquisition or expropriation of t}{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 h }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 e property of such trusts, or their investor}{\fs24\lang2057\langfe5129\langnp2057\insrsid75706 s,}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 situated in the Cook Islands except}{\fs24\lang2057\langfe5129\langnp2057\insrsid16584439 }{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \fi-731\li2171\ri0\widctlpar\faauto\adjustright\rin0\lin2171\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (a) in accordance with the due process of la}{ \fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 w; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \fi-731\li2171\ri0\widctlpar\faauto\adjustright\rin0\lin2171\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (b) for a public purpose defined by law; and \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \fi-731\li2171\ri0\widctlpar\faauto\adjustright\rin0\lin2171\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (c) in payment of compensation as defined by law.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 13. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid16584439 Re}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid16584439 g}{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid16584439 ulations}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 - }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Section 29 of the principal Act }{\fs24\lang2057\langfe5129\langnp2057\insrsid75706 is }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 amended by omitting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 including the prescribing }{\fs24\lang2057\langfe5129\langnp2057\insrsid75706 o}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 f penalties for breaches of such regulations}{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 and subs tituting the following words}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid16584439 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16584439\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16584439 {\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 and may in particul}{ \fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 ar make regulations prescribing- \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \fi-22\li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (a) the duties and liabilities of trustees; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \fi-22\li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (b) the powers of trustees; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \fi-22\li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (c) the protection of trustees against liability; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \fi-22\li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 (d) }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the investment of trust funds; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \fi-22\li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 (e) }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the manner in which an instrument }{\fs24\lang2057\langfe5129\langnp2057\insrsid75706 or deed of }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 trust may be executed; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \fi-22\li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 (f) }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the appointment and discharge}{\fs24\lang2057\langfe5129\langnp2057\insrsid75706 of trustees}{\fs24\lang2057\langfe5129\langnp2057\insrsid16584439 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \fi-22\li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 (g) }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the powers of the Court in respect }{\fs24\lang2057\langfe5129\langnp2057\insrsid75706 of an }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 application by a trustee for directions;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \fi-22\li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 (h) }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 the rules of procedure in respect of judicial proceedings; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \fi-22\li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (i) the distribution of trust property}{\fs24\lang2057\langfe5129\langnp2057\insrsid75706 .} {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \fi-22\li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (j) the man}{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 ner in which a trustee shall deal}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 with property that is subject to any encumbranc}{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 e o}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 r restriction}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 whether}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 such}{\fs24\lang2057\langfe5129\langnp2057\insrsid6979014\charrsid10632073 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid16584439 enc}{\fs24\lang2057\langfe5129\langnp2057\insrsid16584439\charrsid10632073 umb}{\fs24\lang2057\langfe5129\langnp2057\insrsid16584439 rance}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid16584439 or }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 restriction is imposed or authorised by this Act or any other Act and the rights}{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 ,}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 inte}{ \fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ests}{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 ,}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 duties and liabilities of per}{\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 sons subsequent to such dealing}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16584439 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 \par }\pard \ql \fi-22\li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 (k) the matter by which property (whether }{ \fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 f a particular class or otherwise) together }{ \fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 w}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ith any accumulation thereto or any property in}{ \fs24\lang2057\langfe5129\langnp2057\insrsid3157901\charrsid10632073 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 substitution therefore shall be identified as being s}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 u}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 bjec}{\fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 to the provisions of section }{\fs24\lang2057\langfe5129\langnp2057\insrsid75706 1}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 3F. }{ \fs24\lang2057\langfe5129\langnp2057\insrsid16584439 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid16584439 \par }\pard \ql \fi-22\li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid2363113 {\fs24\lang2057\langfe5129\langnp2057\insrsid16584439 (l}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 ) penalties for breach of such regulations. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid3157901 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid8204892 {\fs24\lang2057\langfe5129\langnp2057\insrsid5653902 _______________________}{\fs24\lang2057\langfe5129\langnp2057\insrsid8204892 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8204892\charrsid10632073 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3157901 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid8204892 SC}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid8204892 H}{ \b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid8204892 EDU}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid8204892 L}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid8204892 E \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3157901 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 International Companies Act 1981}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 82}{\fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 International Partnership Act 1984}{\fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Off}{\fs24\lang2057\langfe5129\langnp2057\insrsid8204892 - }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Shore Banking Act 19}{ \fs24\lang2057\langfe5129\langnp2057\insrsid75706 8}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 1}{\fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Off}{\fs24\lang2057\langfe5129\langnp2057\insrsid8204892 - }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Shore Insurance Act 1981}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 82}{\fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Trustee Companies Act 1981}{\fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 82}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 Monetary Board Act 1981}{\fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid8204892 {\fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 Development I}{\fs24\lang2057\langfe5129\langnp2057\insrsid16595104 nvestment Act 1977}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8204892 . \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid8204892 {\fs24\lang2057\langfe5129\langnp2057\insrsid8204892 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid8204892 {\fs24\lang2057\langfe5129\langnp2057\insrsid15354633 ------------------------------}{\fs24\lang2057\langfe5129\langnp2057\insrsid9915302 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9915302 {\fs24\lang2057\langfe5129\langnp2057\insrsid8204892\charrsid10632073 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3157901 {\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 This Act is administered by the Cook Islands Monetary }{ \fs24\lang2057\langfe5129\langnp2057\insrsid9915302\charrsid10632073 Board}{\fs24\lang2057\langfe5129\langnp2057\insrsid4351628\charrsid10632073 . \par }}