Public Trust Corporation Act 1995 · Updated to 1 Sep 2010 · Part III · Functions, Powers and Duties of the Corporation
14. Appointment of Corporation in place of executors, etc.
Feedback & supportThe Court may, on the application of any person beneficially interested, appoint the Corporation, if sufficient cause is shown, in place of all or any existing executors, administrators or trustees.
Court
“Court” means the High Court or a Judge of such Court and includes, in cases where any of them is empowered to act, the Registrar, Deputy Registrars, Senior Assistant Registrars and Assistant Registrars of the High Court;
Any executor who has obtained probate or any administrator who has obtained letters of administration or any trustee may, with the sanction of the Court and after giving such notice to the persons beneficially interested as the Court may direct, and notwithstanding that he has acted in the administration of the deceased’s estate or the trust property, transfer such estate or trust property to the Corporation for administration either solely or jointly with the continuing executors, administrators or trustees, if any.
administrator
“administrator” means a person to whom letters of administration is granted;
The order of the Court sanctioning such transfer shall, subject to this Act, give to the Corporation all the powers of the executor, administrator or trustee.
Corporation
“Corporation” means the corporation under the name of Amanah Raya Berhad incorporated under the Companies Act 1965
The executor, administrator or trustee shall not be in any way liable in respect of any act or default in relation to such estate or trust property subsequent to the date of the order other than his own act or default or the act or default of persons other than himself for whose conduct he is in law responsible.
estate
“estate” means any property administered, held, managed or controlled by the Corporation whether as trustee or administrator or as guardian, receiver, receiver and manager, liquidator or attorney, or in any other capacity;