31 Power to apply income for maintenance and to accumulate surplus income during a minority
Trustee Act 1925 (1925 c 19) | Legislation

Maintenance Advancement and Protective Trusts

31  Power to apply income for maintenance and to accumulate surplus income during a minority

(1)     Where any property is held by trustees in trust for any person for any interest whatsoever, whether vested or contingent, then, subject to any prior interests or charges affecting that property—

(i)     during the infancy of any such person, if his interest so long continues, the trustees may, at their sole discretion, pay to his parent or guardian, if any, or otherwise apply for or towards his maintenance, education, or benefit, the whole or such part, if any, of the income of that property [as the trustees may think fit,] whether or not there is—

(a)     any other fund applicable to the same purpose; or

(b)     any person bound by law to provide for his maintenance or education; and

(ii)     if such person on attaining the age of [eighteen years] has not a vested interest in such income, the trustees shall thenceforth pay the income of

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