18Non-charitable purpose trusts

18 Non-charitable purpose trusts

(1)  Except as provided in subsection (2) , nothing in this Act affects the operation of the rule of law rendering –

(a) a non-charitable purpose trust; or

(b) a trust for the benefit of a corporation that is not a charity –

void for remoteness where the trust property may be applied for the purposes of the trust after the perpetuity period.

(2)  If a trust referred to in subsection (1) is not otherwise void, sections 6 and 9 apply to it and the property subject to the trust may be applied for the purposes of the trust during the perpetuity period but not after that period.