Section 15: Class interests
consolidated text (as at 2012, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
15. Class interests
Where a trust is in favour of a class of persons, subject to the terms of
the trust—
(a) the class shall be deemed to close when it is no longer possible
for any other person to become a member of that class;
(b) a woman over the age of 55 shall be deemed to be no longer
capable of bearing a child; and
(c) where the interest of the class relates to income, and no member of the class exists, the income shall be accumulated and retained until a member of the class comes into being or the class
closes.