This Act concerns the abolition on certain restrictions concerning trusts and provides rules for the creation in Nauru of a trust in perpetuity or for any lesser duration. This Act shall not apply to any settlement, disposition or trust of any land or of any interest in any land where such land is situated in Nauru. The Act also concerns grant of administration of a foreign will or estate. Executors of a foreign will or administrators of a foreign estate shall be a trustee corporation.
Amended by: Statute Law Revision Act 2011 - Part FO of Schedule 1 – Amendment of the Foreign Trusts, Estates and Wills Act 1972 (No. 8 of 2011). (2011-04-15)
Autores y editores
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