Duty on Documents and Transfers Act (Cap. 364), article 32D

32D. *(1) The administrators of a foundation may elect that the foundation be treated as a trust in so far as relates to transa ctions of the same type as those referre d to in article 32B between the founder and the foundation and between the foundation and any beneficiaries. In such case the provisions of this Act relating to trusts shall apply to foundations mutatis mutandis . (2) The Minister may make regulations generally for the carrying out of the provisions of this article including the application of the provisions of this Act relating to trusts to a foundation as aforesaid as well as to any persons who are donor s of property to such foundation or are beneficiaries under or administrators of such foundation. *this article was original ly added as article 32C. DUTY ON DOCUMENTS AND TRANSFERS [CAP. 364. 23 Regulations in relation to transfers. Added by: XIII. 2007.17. Cap. 16.