Trustees Act (Chapter 337): Primary legislation governing trustees' duties, powers, and responsibilities. Defines the scope of trustee liability and protection, and outlines requirements for proper discharge of trustees.
Civil Law Act (Chapter 43): Contains general provisions about contract law in Singapore, particularly relevant for indemnification provisions in trustee agreements.
Limitation Act (Chapter 163): Establishes time limitations on claims against trustees and affects release provisions in trustee agreements.
Trust Companies Act (Chapter 336): Relevant when any party to the agreement is a licensed trust company in Singapore.
Securities and Futures Act (Chapter 289): Applicable if the trust involves investment securities or regulated investment activities.
Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in Singapore, relevant for handling personal information in the agreement.
Fiduciary Duties: Legal principle requiring trustees to act in the best interest of beneficiaries, with loyalty, care, and good faith.
Valid Release Requirements: Legal requirements for ensuring a trustee release is valid and enforceable under Singapore law.
Indemnification Scope: Legal boundaries and limitations on the extent to which trustees can be indemnified under Singapore law.
Fraud Exception: Legal principle prohibiting the exclusion of liability for fraud or willful misconduct in trustee agreements.
Deed Execution Requirements: Formal requirements for valid execution of deeds under Singapore law.
Successor Trustee Obligations: Legal obligations and responsibilities of successor trustees when taking over from released trustees.
