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TO-1 (S 05 (S 05 (1) For Immovable Property
Subject to the provisions of…
TO-1
S 05
S 05 (1) For Immovable Property
Subject to the provisions of section 107, no trust in relation to immovable property is valid unless declared by the last will of the author of the trust or of the trustee, or by a non-testamentary instrument in writing signed by the author of the trust or the trustee, and notarially executed. (Sec 5 (1))
Subject to the provisions of section 107,
In dealing with any property alleged to be subject to a charitable Trust, the Court shall not be debarred from exercising any of its powers by the absence of evidence of the formal constitution of the Trust, if it shall be of opinion from all the circumstances of the case that a Trust in fact exists, or ought to be deemed to exist.
Only Valid when
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Non -Testamentary
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Notarially Executed
Defined in S3(o) of TO
“notarially executed” means executed in the manner prescribed by section 2 of the Prevention of Frauds Ordinance, and any reference to “notarial execution” shall be deemed to include a reference to execution in accordance with the Deeds and Documents (Execution before Public Officers) Ordinance;
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S 06
a trust is created when the :red_flag:author of the trust indicates with reasonable certainty by any :star: words or :star:acts
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d. Trust Property
(unless the Trust is declared by will or the author of the Trust is himself to be the Trustee) transfers the Trust property to the Trustee.
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