Variation of Trusts

The Court may, on the application of any beneficiary, the trustee, the settlor or his personal representatives, or the protector of a trust, approve on behalf of– (a) a minor or a person under legal disability having, directly or indirectly, an interest vested or contingent, under the trust; (b) any person unborn; (c) any person who is presently unascertained but who may become entitled, directly or indirectly, to an interest under the trust as being at a future date or on the happening of a future event a person of any specified description or a member of any specified class; or (d) any person, in respect of an interest that may accrue to him by virtue of the exercise of a discretionary power on the failure or determination of an interest under a protective any arrangement which varies or revokes the terms of the trust or enlarges or modifies the powers of management or 40 administration of the trustee, whether or not there is another person with a beneficial interest who is capable of assenting to the arrangement. Provided that the Court shall not approve an arrangement on behalf of a person mentioned in paragraphs (a), (b) or (c) unless the arrangement appears to be for his benefit.