26.(1) The terms of a trust may provide for the appointment of a protector of the trust whether called protector, guardian, advisor or by whatever name called.
(2) The following or any of them may, inter alia, be conferred on the protector by the terms of the trust:
(a) the power to appoint and remove trustees;
(b) the power to change the powerlaw of the trust;
(c) the right to receive notice in advance of specified actions of the trustees;
(d) the right to receive information relating to or forming part of the accounts of the trust.
(3) Nothing in subsection (2) shall be construed as conferring the status of trustee on a protector.
(4) Subject to the terms of the trust, where there is more than one protector of a trust any function conferred on the protectors may be exercised by a majority of the protectors who agree thereto.
(5) A protector who dissents from a decision of the majority may require his dissent to be recorded in writing.
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