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reversion

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13:56 Feb 16, 2012
English to German translations [PRO]
Law/Patents - Law: Contract(s) / Trusts (Treuhänderschaft)
English term or phrase: reversion
Without prejudice to the validity of anything previously done, the Trustees in the exercise of an absolute discretion may declare from time to time before the Distribution Date that any Beneficiary shall be wholly or partially excluded from further benefit under the terms of this Declaration provided that:

any such declaration is recorded by a written instrument signed by the Trustees;

the written instrument recording the declaration as above provided specifies whether the exclusion is revocable before the Distribution Date or irrevocable and the date from which it is to take effect;

the declaration does not derogate from any interest to which any Beneficiary has previously become indefeasibly entitled whether in possession or reversion or otherwise.
Silvia M.
Germany
Local time: 11:14
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