TRUSTEE ACT 1925 - SECT 105 Illusory etc share valid in law and equity
TRUSTEE ACT 1925 - SECT 105
Illusory etc share valid in law and equity(1) The exercise of a power of appointment under a trust is valid at law and in equity even if a beneficiary or object is given an insubstantial, nominal or illusory share or an insubstantial, nominal, or illusory share is left unappointed to devolve on a beneficiary or object.
(2) This section does not apply to a trust instrument that states the amount of the share or shares from which no beneficiary or object may be excluded.