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Labuan Offshores Trusts Act 1996 · s 40
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Labuan Offshores Trusts Act 1996 · s 40
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
A trustee shall not be entitled to any remuneration for services rendered unless authorized—
by the terms of the trust;
by the consent in writing of all the identifiable or ascertainable beneficiaries; or
by an order of the Court.
A trustee may reimburse himself or pay out of the trust all expenses and liabilities reasonably incurred by him in connection with the trust.