125. Payment to person incompetent to contract

Terms defined in this Act

• committee

  committee

  Defined · s 133

  “committee” means the persons responsible for all matters relating to listing, licensing, trading and other matters related to the securities market;

  Open s 133
• estate

  estate

  Defined · s 59

  “estate” means any property, whether real or personal, which is committed to the administration or management of a Labuan trust company as executor, administrator, trustee, receiver, committee, guardian or agent;

  Open s 59
• Labuan insurer

  Labuan insurer

  Defined · s 101

  “Labuan insurer” means a person who is licensed to carry on Labuan insurance business;

  Open s 101
• person

  person

  Defined · s 2

  “person” includes a corporation, partnership, a body of persons, corporate or unincorporated and a corporation sole;

  Open s 2
• property

  property

  Defined · s 86

  “property” includes any plant, machinery, equipment or other chattel attached or to be attached to the earth and “charters of ships” means bareboat charters only and does not include the transportation of passengers or cargo by sea or the charter of ships on a voyage or time charter;

  Open s 86