208 - *AKTA PEMEGANG AMANAH 1949 — Malaysia law | Esheria

208 - *AKTA PEMEGANG AMANAH 1949

This Act sets out trustee powers, investment rules, and related duties, including what trustees may invest in and when they must seek advice or use care.

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

Jurisdiction
Malaysia
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Official source
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beneficiary applications court powers investment land vesting sale of trust property stocks and securities trust accounting trust administration trust assets trustee appointment and retirement trustee powers

Statute overview

About this statute

This Act sets out trustee powers, investment rules, and related duties, including what trustees may invest in and when they must seek advice or use care. This part lets trustees deposit trust documents for safe custody, use agents and delegates in some cases, inspect or audit trust accounts, advance trust capital within limits, and appoint or retire trustees subject to statutory rules. The Court has broad powers in trust matters to appoint new trustees, vest property, authorize transactions, and make related orders, but this section does not authorize appointing an executor or administrator.