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In forceUpdated to 1 Jan 2006Read it in Bahasa Malaysia

Part I · Preliminary

2. Interpretation

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(1)

In this Act—

“obligation” includes every duty enforceable by law;

“settlement” means any instrument (other than a will or codicil)

whereby the destination or devolution of successive interests in movable or immovable property is disposed of or is agreed to be disposed of;

“trust” includes every species of express, implied, or constructive fiduciary ownership;

“trustee” includes every person holding, expressly, by implication or constructively, a fiduciary character.

(a)

Z bequeaths land to A, “not doubting that he will pay thereout an annuity of RM1,000 to B for his life”. A accepts the bequest. A is a trustee, within the meaning of this Act, for B, to the extent of the annuity.

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(b)

A is the legal, medical, or spiritual adviser of B. By availing himself of his situation as such adviser, A gains some pecuniary advantage which might otherwise have accrued to B. A is a trustee for B, within the meaning of this Act, of the advantage.

(c)

A, being B’s banker, discloses, for his own purpose, the state of B’s account. A is a trustee, within the meaning of this Act, for B, of the benefit gained by him by means of the disclosure.

(d)

A, one of several partners, is employed to purchase goods for the firm.

A, unknown to his co-partners, supplies them, at the market-price, with goods previously bought by himself when the price was lower, and thus makes a considerable profit. A is a trustee, for his co-partners, within the meaning of this Act, of the profit so made.

(e)

A, the manager of B’s indigo-factory, becomes agent for C, a vendor of indigo-seed, and receives, without B’s assent, commission on the seed purchased from C for the factory. A is a trustee, within the meaning of this

Act, for B, of the commission so received.

(2)

All words occurring in this Act, which are defined in the

Contracts Act 1950 [Act 136], shall be deemed to have the meanings respectively assigned to them by that Act.

Report

Part II

Specific Relief

Chapter I

Chapter II

Chapter III

Rectification of Instruments

Chapter IV

Rescission of Contracts

Chapter V

Cancellation of Instruments

Chapter VI

Declaratory Decrees

Chapter VII

Appointment of Receivers

Chapter VIII

Enforcement of Public Duties

Part III

Preventive Relief

Chapter IX

Of Injunctions Generally

Chapter X

Of Perpetual Injunctions

Chapter II

Chapter II.