Section Sch5-19 — Trusts Act 2019: Limit on duration of trusts does not apply

19 Limit on duration of trusts does not apply (1) No rule of law or provisions of an Act, including section 16 of the Trusts Act 2019,— (a) prescribes or restricts the period during which the governance entity may— (i) exist in law; or (ii) hold or deal with property (including income derived from property); or (b) applies to a document entered into to give effect to the deed of settlement (including the deeds that grant a right of first refusal referred to in clauses 6.3.3(m) and 6.3.5 of the deed of settlement) if the application of that rule or the provisions of that Act would otherwise make the document, or a right conferred by the document, invalid or ineffective. (2) However, if the governance entity is or becomes a charitable trust, the trust may continue indefinitely under section 16(6)(a) of the Trusts Act 2019.