← belizelaw.ai · The Laws of Belize
Trusts
Cap. 202 · Revised Edition 2020 · 83 sections
- s. 1Short title
- s. 2Definition of Trust
- s. 3Validity of Trusts
- s. 4Proper law of Trusts
- s. 5Creation of a Trust
- s. 6Maximum duration of a Trust and of Accumulation of Income
- s. 7Validity of a Trust
- s. 8Property which may be held on Trust
- s. 9Who may be the settlor of a Trust
- s. 10Beneficiaries of a Trust
- s. 11Nature of a beneficial interest
- s. 12Protective or Spendthrift Trusts
- s. 13Letters or Memoranda of Wishes
- s. 14Definition of Charitable Purpose
- s. 15Trusts for Non-Charitable Purposes
- s. 16The Protector of a Trust
- s. 17Who may be the Trustee of a Trust
- s. 18The number of Trustees
- s. 19Appointment of new or additional Trustees
- s. 20Appointment of Trustee resident in Belize
- s. 21Renunciation of Trusteeship
- s. 22Resignation or removal of Trustees
- s. 23Nature of Trustees’ and Protectors’ interests
- s. 24Corporate Trustee may act by resolution
- s. 25Trustees of more than one Trust
- s. 26Dealings by Trustees with third parties
- s. 27General duties of Trustees
- s. 28Duty to supply information and duty of confidentiality
- s. 29Duty of Trustees to act together
- s. 30Duty to act impartially
- s. 31General powers of Trustees
- s. 32Powers of investment
- s. 33Implied powers of Trustees
- s. 34Delegation by Trustees
- s. 35Reimbursement of expenses
- s. 36Payment of Trustees
- s. 37Power to appropriate
- s. 38Power and duty of maintenance
- s. 39Power of advancement
- s. 40Accumulation and maintenance settlements
- s. 41Receipts of parents or guardians
- s. 42Power of appointment
- s. 43Power of revocation or variation
- s. 44Failure or lapse of interest
- s. 45Application of property held on Charitable Trusts
- s. 46Termination of Trusts
- s. 47Termination by beneficiaries
- s. 48Variation of Trusts
- s. 49Approval of particular transaction
- s. 50Liability for breach of Trust
- s. 51Constructive Trusts
- s. 52Tracing Trust property
- s. 53Beneficiary may relieve or indemnify a Trustee
- s. 54Power to relieve Trustees from personal liability
- s. 55Power to make beneficiaries indemnify
- s. 56Limitation and prescription
- s. 57Jurisdiction of the Court
- s. 58General powers of the Court
- s. 59Applications for directions
- s. 60Payment of costs
- s. 61Variant types of Trusts
- s. 62Provisions of variant types of Trusts
- s. 63Facility to register Trusts
- s. 63ACompulsory registration of domestic Trusts
- s. 63BDomestic Trust Register to be confidential
- s. 63CFees
- s. 64Interpretation in this Part
- s. 65Creation of international Trusts
- s. 65AInternational Trust Registry
- s. 65BCompulsory registration of international Trusts
- s. 65CConfidentiality of Trust Register
- s. 65DExemption from taxes and duties and exchange control
- s. 65ETrust agents
- s. 65FRegister of Trust agents
- s. 65GResignation or change of trust agent and its effect
- s. 65HRegulations
- s. 65IFees and penalties
- s. 65JTransitional provisions
- s. 66Application of this Act
- s. 67Interpretation
- s. 68Regulations
- s. 69Commencement
- s. 70Repeal of Trustee Act