Trusts and Trustees Act (Cap. 331)
Trusts and Trustees Act (Cap. 331), article 37
37. (1) A trustee may apply to the court for directives
concerning the manner in which he may or should act in connecti on
with any matter concerning the trust; and the court may make su ch
order, if any, as it thinks fit.
(2) The court may also, if it thinks fit -
(a) make an order concerning -
(i) the execution or the administration of any trust;
or
30 CAP. 331.] TRUSTS AND TRUSTEES
(ii) the trustee of any trust, including an order
relating to the exercise of any power, discretion
or duty of the trustee, the appointment or
removal of a trustee, the remuneration of a
trustee, the submission of accounts, the conduct
of the trustee and any payments into court; or
(iii) any beneficiary or any person having any
connection with the trust;
(b) make any declaration as to the validity or enforcement
of a trust, the existence of any resulting or constructive
trust, breach of trust or failure of a trust;
(c) rescind or vary any order or declaration made under
this Act, or make any new or further order or
declaration.
(3) An application to the court for an order or declaration unde r
subarticle (2) may be made by th e trustee or by any beneficiary or
by the Attorney General or by any other person having a lawful
interest:
Provided that in cases where the duty to inform a
beneficiary of his interest in a trust has been suspended in te rms of
article 29 and until such suspension is in force, and in the ab sence
of a protector of a trust, the settlor of a trust may also make an
application to the Court in terms of this subarticle. Whilst de aling
with such application the Court may determine whether the
suspension of rights to informat ion as aforesaid be maintained in
force in full or in part for all or some of the beneficiaries.
(4) Where the court makes an order for the appointment of a
trustee it may impose such conditions as it thinks fit, includi ng
conditions as to the vest ing of trust property.
(5) Subject to any order of the court, a trustee appointed by th e
court under this article shall ha ve the same powers, discretion s and
duties as if he had been ori ginally appointed a trustee.
Order as a result of
bad faith.
Added by:
XIII. 2004.24.
Text read from the consolidated PDF published by Legislation Malta. Tables, figures and marginal notes may be incomplete or out of place: the official PDF is authoritative. General information, not legal, tax or accounting advice.