Section 48: Power of revocation
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.
48. Power of revocation
(1) A trust and any exercise of a power under the trust may be expressed to be capable of—
(a) revocation, in whole or in part; or
(b) variation.
(2) No revocation or variation shall prejudice anything lawfully done by a
trustee in relation to the trust before he receives notice of the revocation or
variation.
(3) Subject to the terms of the trust, where the trust is revoked in whole
or in part, the trustees shall hold the trust property, or part of the trust property which is subject of the revocation, as the case may be, in trust for the
settlor absolutely or, if he is dead, for his heirs and succession as if it had
formed part of his estate at the time of his death.