PROPERTY LAW ACT 1974 - SECT 203
Validation of appointments where objects are excluded or take illusory shares
PROPERTY LAW ACT 1974 - SECT 203
Validation of appointments where objects are excluded or take illusory shares
203 Validation of appointments where objects are excluded or take illusory
shares
(1) No appointment made in exercise of any power to appoint any property among
2 or more objects shall be invalid on the ground that—
(a) an unsubstantial,
illusory, or nominal share only is appointed to or left unappointed to devolve
upon any 1 or more of the objects of the power; or
(b) any object of the
power is altogether excluded;
but every such appointment shall be valid even
though any 1 or more of the objects is not, or in default of appointment, to
take any share in the property.
(2) This section does not affect any
provision in the instrument creating the power which declares the amount of
any share from which any object of the power is not to be excluded.
(3) This
section applies to appointments made before or after the commencement of this
Act.
