Malaysia legislation

Section 23

of PUBLIC TRUST CORPORATION ACT 1995

Section 23

(a)

a general account in which trust funds may be kept temporarily pending their investment; and

(b)

as many special and trust accounts as are necessary to enable the Corporation to perform the duties and functions and exercise the powers of the Corporation.

(2)

Any amount standing to the credit of the general accounts of the Public Trustee and the Official Administrator immediately before the appointed date shall be transferred to the general account established under paragraph (1)(a).

Power to invest