Malaysia legislation
Section 34
Section 34
Liability and powers of company
Subject to this Act, the liability of every trust company to the person interested in any estate held by the company as executor, administrator, trustee, receiver, liquidator, assignee, guardian, or committee, or in any other official or business capacity shall be the same as if the estate had been held by a private person in the like capacity and the powers of the company shall be the same as those of a private person in the like capacity.