Cap. 331 Art. 14APowersreservedby the settlor.

(1) The reservation or grant by the settlor of any beneficial interest in the trust property or of any of the following powers shall not affect the validity of the trust, nor delay the trust taking effect:

(a) any powers to appoint, add or remove any trustees, protectors or beneficiaries;

(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 provisions of the Act.

(2) Where a power mentioned in sub-article (1) has been reserved or granted by the settlor, a trustee who acts in accordance with the exercise of the power shall not be considered to be acting in breach of trust.