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2. Amendment of section 3 of Chapter 87

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Section 3 of the Trusts Ordinance (Chapter 87)

(hereinafter referred to as the “principal enactment”) is hereby amended as follows:—

(1)

by the repeal of paragraph (e) of that section and the substitution therefor, of the following paragraph:—

“(e) “beneficiary” means a person, or a defined or definitely ascertainable class of persons, for whose benefit the confidence is accepted;”;

(2)

by the addition immediately after paragraph (o) of that section, of the following paragraphs:—

“(p) “express trust” means a trust that is created by the author of the trust generally in the form of an instrument in writing with certainty indicating the intention of the trust, but does not include a constructive trust or a de facto trust, whether charitable or not;

(q)

“prescribed” means prescribed by regulations made under this Act.”.

Read on from s 3