Public Trust Corporation Act 1995 · Updated to 1 Sep 2010 · Part III · Functions, Powers and Duties of the Corporation
18. Administration of estates of small value
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the value of the property without deduction for debts, but not including the value of any property which the deceased possessed or was entitled to as trustee and not beneficially, does not exceed five thousand ringgit;
it appears to the Corporation that the persons beneficially entitled are persons of small means; and
the Corporation can administer the estate under section 17, the Corporation shall administer the estate under section 17.
Where proceedings have been instituted in any Court for the administration of an estate and by reason of the small value of the estate it appears to the Court that the estate can be more economically administered by the Corporation than by the
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;
Court or that for any other reason it is expedient that the estate should be administered by the Corporation instead of the Court, the Court may order that the estate shall be administered by the
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;
Corporation, and thereupon, subject to any directions by the Court, section 17 shall apply as if the administration of the estate had been undertaken by the Corporation under section 17.
Corporation
“Corporation” means the corporation under the name of Amanah Raya Berhad incorporated under the Companies Act 1965
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