Acts and Regulations

2015, c.21 - Trustees Act

Section 86
Disposition versions

Full text
Entitlement to income arising from contingent interest in trust property
86Unless the trust instrument provides otherwise, if a beneficiary is entitled to a contingent interest in trust property, and that interest vests, the beneficiary is entitled to the income earned from that interest before it vested, subject to any other person’s interest in that income.
Entitlement to income arising from contingent interest in trust property
86Unless the trust instrument provides otherwise, if a beneficiary is entitled to a contingent interest in trust property, and that interest vests, the beneficiary is entitled to the income earned from that interest before it vested, subject to any other person’s interest in that income.