Malaysia legislation
Section 2
Section 2
In this Act, unless the context otherwise requires—
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“trust” includes an executorship or administratorship; and
“trustee” shall be construed accordingly;
“rights” means all rights, powers, privileges and immunities, whether actual, contingent or prospective;
“property” includes all property, movable or immovable, and all estates, interests, easement and rights, whether equitable or legal in, to or out of property, chose in action, money and goodwill;
“trust property” includes all property in the possession or under the control, wholly or partly, of the Corporation by virtue of any trust;
“estate” means any property administered, held, managed or controlled by the Corporation whether as trustee or administrator or as guardian, receiver, receiver and manager, liquidator or attorney, or in any other capacity;
“Common Fund” means the Common Fund formed under section 25;
“Group Investment Fund” or “Fund” means a Group Investment
Fund formed under section 30;
“liabilities” means liabilities, debts, charges, duties and obligations of every description (whether present or future, actual or contingent, and whether payable or to be observed or performed in Malaysia or elsewhere);
“Court” means the High Court or a Judge of such Court and includes, in cases where any of them is empowered to act, the
Registrar, Deputy Registrars, Senior Assistant Registrars and
Assistant Registrars of the High Court;
“Minister” means the Minister charged with the responsibility for the administration of trusts and estates;
*“Official Administrator” means the Official Administrator,
Malaysia, appointed under the Probate and Administration Act 1959 [Act 97];
*NOTE—All references to the term “Official Administrator” in the Probate and Administration
Act 1959 [Act 97] has been replaced by the term “Corporation”—see sections 2 and 3 of
Act A912 and also subsection 43(3) of this Act.
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Public Trust Corporation
“Public Trustee” means the Public Trustee, Malaysia, appointed under the Public Trustee Act 1950 [Act 247];
“administrator” means a person to whom letters of administration is granted;
“administration” means the administration of the estate of a deceased person by an executor or administrator;
*“Corporation” means the corporation under the name of Amanah
Raya Berhad incorporated under the Companies Act 1965 [Act 125]