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Labuan Offshores Trusts Act 1996 · s 32
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Labuan Offshores Trusts Act 1996 · s 32
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
Subject to the terms of the trust and without prejudice to the exercise of a discretion conferred upon a trustee by the terms of the trust, a trustee shall be impartial and shall not execute the trust for the advantage of a beneficiary or a charitable purpose at the expense of another beneficiary or charitable purpose where there is more than one beneficiary or charitable purpose under the trust, or for the advantage of a beneficiary at the expense of the charitable purpose or vice versa, where the trust has only one beneficiary and one charitable purpose.