Trust Companies Act(CHAPTER 336)
Table of Contents
Long Title
1 Short title
2 Interpretation
Registration of trust companies
3 Application by company to be registered as a trust company
4 Issue of certificate
5 Registration of a company incorporated in Malaysia as a trust company
6 Register of trust companies to be kept
Deposit by trust companies
7 Deposit to be held as security
Objects of trust companies
8 Objects
Probate and administration
9 Company may act as executor
10 Company may be authorised to apply for probate or administration
11 Procedure as to petitions, etc.
Trusteeship
12 Appointment of company to be trustee
13 Joint tenancy
Agency
14 Company may act as agent
Exemption from giving security
15 Trust company not to furnish security
Investment of trust funds
16 Trust funds to be kept separate
17 Investment of trust funds
Investment of company’s funds
18 Investment of company’s funds
19 Loans to company’s officers prohibited
Borrowing power
20 Borrowing
Annual statement
21 Annual statement
Investigation
22 Investigation by inspector
Winding up
23 Special provision as to winding up
Liability of officers
24 Personal liability of officers
25 Loan to director, etc.
26 Liability on winding up
Penalties
27 Wilful neglect to make entry
28 False statements in accounts
29 Refusal to produce books
30 Neglect to forward annual statement
General
31 Guardianship of person prohibited
32 Restriction on holding of shares
33 Voluntary winding up or disposal of shares may be restrained
34 Liability and powers of company
35 Registration of trust company as shareholder, etc., not notice of a trust
36 Unclaimed money to be paid into court
37 Fees
Legislative History