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mylaw.myby aturio
In forceUpdated to 1 Dec 2011Read it in Bahasa Malaysia
Contents

Part IV · Trustees of Labuan Trusts

40. Remuneration and expenses

(1)

A trustee shall not be entitled to any remuneration for services rendered unless authorized—

(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.

Report

Read on from s 41

Part V

Miscellaneous

Read on from Part V