Full legislation
s.35
Protective trusts
upon trust for the principal beneficiary during the trust period or until
he, whether before or after the termination of any prior interest, does or
attempts to do or suffers any act or thing, or until any event happens, other
than an advance under any statutory or express power, whereby, if the said
income were payable during the trust period to the principal beneficiary
absolutely during that period, he would be deprived of the right to receive the
same or any part thereof, in any of which cases, as well as on the termination
of the trust period, whichever first happens, this trust of the said income
shall fail or determine;