Trustees Incorporation Act | Act 5 of 1962 — Malawi law | Esheria

Trustees Incorporation Act

This provision gives the Act its short title: the Trustees Incorporation Act.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Malawi
Instrument
Act or statute
Citation
Act 5 of 1962
Version
31 Dec 2014
Language
en
Official source
View official record ↗

Citation provenance: source:mw:malawilii · schema StatuteEnrichmentPublicV1.

asset administration asset holding association certificate registration charitable donations charitable governance charity charity governance common seal company name changes company registration constitutional amendments contracts corporate status deeds registration dissolution fees filings governance immovable property vesting incorporation indemnity name change notices +13 more

Statute overview

About this statute

This provision gives the Act its short title: the Trustees Incorporation Act. This section defines several terms used in the Act. Trustees of qualifying charities or associations may apply to the Minister for incorporation, and the Minister may grant or refuse the certificate. Property held by the body corporate must be kept for the charity or association and handled as it was by the trustees before incorporation, subject to the Act. After incorporation, trustees remain responsible for property that comes into their hands and for their own acts and administration of the charity or association’s property.