Labuan Offshores Trusts Act 1996 · Updated to 1 Dec 2011 · Part IV · Trustees of Labuan Trusts
Labuan Offshores Trusts Act 1996 · Updated to 1 Dec 2011 · Part IV · Trustees of Labuan Trusts
Official textFrom Laws of Malaysia Online, unchanged
Where it is necessary under this Act for the Court or a trustee to ascertain the wishes of the settlor, the provisions of this section shall apply.
Where the settlor is alive, the settlor shall, where possible and practicable, be consulted as to his wishes.
settlor
―settlor‖ means a person who makes a trust and includes a person who provides trust property or makes a testamentary disposition on Labuan Trusts 11 trust or to a trust, but does not include a person who contributes to a unit trust;
Where the settlor is dead, or it is not possible or practicable to consult him, his wishes shall be taken to be–
such wishes as he has most recently communicated to the trustee; or
where no wishes have been communicated, such as the
Court, or the trustee in good faith, believes most likely to have been his wishes from the evidence available in respect of the wishes.
settlor
―settlor‖ means a person who makes a trust and includes a person who provides trust property or makes a testamentary disposition on Labuan Trusts 11 trust or to a trust, but does not include a person who contributes to a unit trust;
trustee
―trustee‖ means a person appointed to act as a trustee of a trust in accordance with the provisions of this Act;
Part V