Trusts and Trustees Act (Cap. 331), article 14A

14A. (1) The reservation or grant by the settlor of any beneficial interest in the trust property or of any of the foll owing powers shall not affect the validity of the trust, nor delay th e trust taking effect: (a) any powers to appoint, add or remove any trustees, protectors or b eneficiaries; (b) any powers to appoint an investment adviser or investment manager: Provided that the reservation of powers referred to in paragraphs ( a) and ( b) shall be without prejudice to other powers that can be reserved by the settlor in terms of the other provi sions of the Act. (2) Where a power mentioned in sub-article (1) has been reserved or granted by the settl or, a trustee who acts in accor dance with the exercise of the power shall not be considered to be ac ting in breach of trust. Revocation of a trust. Amended by: XIII. 2004.15.