Malaysia legislation
Section 332
Section 332
Nature and effect of trust caveats
(1)
A caveat under this section shall be known as a
“trust caveat”, and may be entered by the Registrar in respect of any land or interest which (pursuant to section 344, or any corresponding provision of any previous land law) is expressed to be held by any persons or bodies as trustees.
(2)
The effect of any trust caveat shall be precisely stated therein, and may be to prohibit, either absolutely or except subject to conditions, the registration, endorsement or entry of all or any of the following:
(a)
any instrument of dealing, or class or description of instrument of dealing, directly affecting the trust property;
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(b)
any claim to the benefit of any tenancy exempt from registration granted directly thereout; and
(c)
any lienholder’s caveat in respect thereof:
Provided that no such caveat shall prohibit the registration of any instrument which was presented prior to the time from which it takes effect, or the endorsement or entry of any claim or lienholder’s caveat where the application for endorsement or entry was received prior to that time.
(3)
Where the registration of any instrument or the endorsement or entry of any claim or lienholder’s caveat is prohibited by any trust caveat, the Registrar shall reject the instrument or, as the case may be, the application for endorsement or entry.
(4)
On rejecting any instrument or application for endorsement, the Registrar shall take the like steps as if he had rejected it pursuant to section 298 or 317.