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PERPETUITIES ACT (NORTHERN IRELAND) 1966 - SECT 8

Administrative powers of trustees.

8.(1) The rule against perpetuities shall not operate to invalidate a power
conferred on trustees or other persons to sell, lease, exchange or otherwise
dispose of any property for full consideration, or to do any other act in the
administration (as opposed to the distribution) of any 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 passing of this Act notwithstanding that the
power is conferred by an instrument which took effect before that passing.

© 1966 Crown Copyright

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