Malaysia legislation

Section 23

of *TRUSTEE ACT 1949

Section 23

Devolution of powers or trust

(2)

Until the appointment of new trustees, the personal representatives or representative for the time being of a sole trustee, or, where there were two or more trustees, of the last surviving or continuing trustee, shall be capable of exercising or performing any power or trust which was given to, or capable of being exercised by, the sole or last surviving or continuing trustee, or other the trustees or trustee for the time being of the trust.

(3)

In this section “personal representative” does not include an executor who has renounced or has not proved.

Trustee 27

Power to insure