Malaysia legislation

Section 11

of PUBLIC TRUST CORPORATION ACT 1995

Section 11

(2)

The Corporation may act either alone or jointly with any person or body of persons in any capacity to which it may be appointed and shall have the same powers, duties and liabilities and be entitled to the same rights and immunities and be subject to the same control and orders of the Court as a private person acting in that capacity.

(3)

The Corporation shall not decline to accept any appointment on the ground only of the small value of the property to which the appointment relates.

(4)

Any person aggrieved by the decision of the Corporation to decline to accept any appointment may, within fourteen days of the decision, appeal to the Minister in writing and the decision of the Minister on such appeal shall be final.

Appointment of Corporation as trustee or executor

Section 11 — AKTA PERBADANAN AMANAH RAYA 1995 | mylaw.my