Malaysia legislation

Section 4

of ANCESTRAL WORSHIP ORDINANCE, 1958

Section 4

(2)

The value so determined may be paid at the option of the executors in either of the following ways—

(a)

the capital sum may be paid in one sum or it may be paid in installments with interest at five per cent per year on the amount in arrear, and invested upon trust for the purposes of ancestral worship, and at the expiry of the prescribed period for the performance of the rites, the capital sum shall, subject to any direction by the grantor, fall into the residue of the grantor’s estate;

(b)

by leave of the High Court, a sum equal to five per cent of the total sum may be paid annually for the purposes of ancestral worship for the prescribed period, subject to such guarantees as the Court may consider necessary.