1282. The settlor may reserve for himself the power to appoint the beneficiaries or determine their shares, or confer it on the trustees or a third person.
In the case of a social trust, the trustee’s power to appoint the beneficiaries and determine their shares is presumed. In the case of a personal or private trust, the power to appoint may be exercised by the trustee or the third person only if the class of persons from which he is to appoint the beneficiary is clearly determined in the constituting act.
1991, c. 64, a. 1282; 2016, c. 4, s. 161.