Section 40
Remuneration and expenses
of Labuan Offshores Trusts Act 1996
ActIn forceProvision 53 of 94
Section 40
(a)
by the terms of the trust;
(b)
by the consent in writing of all the identifiable or ascertainable beneficiaries; or
(c)
by an order of the Court.
(2)
A trustee may reimburse himself or pay out of the trust all expenses and liabilities reasonably incurred by him in connection with the trust.