ADVOKS GLOBAL · KENYA
Perpetuities and Accumulations Act
15. Administrative powers of trustees
Edition: 2022-03-21 · In force
15. Administrative powers of trustees
(1)Section 6 shall not operate to invalidate a power conferred on trustees or other persons to sell, lease, exchange or otherwise dispose of property for full consideration, or to do any other act in the administration (as opposed to the distribution) of property, and shall not prevent the payment to trustees or other persons of reasonable remuneration for their services.(2)Subsection (1) shall apply for the purpose of enabling a power to be exercised at any time after the commencement of the Act, notwithstanding that the power is conferred by an instrument which took effect before that commencement.