Skip to main content
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 2 August 2011 - onwards
Version 3 of 3

27. Release of powers.

(1) Subject to subsection (2), a person to whom any power, whether coupled with an interest or not, is given may release or contract not to exercise the power by deed or in any other way in which the power can be released.

(2) Subsection (1) does not apply to a power in the nature of a trust or other fiduciary power.