Trustee Act 1949 s 15
(1) Trustees may, pending the negotiation and preparation of any charge, or during any other time while an investment is being sought for, pay any trust money into a bank to a deposit or other account and all interest, if any, payable in respect thereof shall be applied as income. (2) Trustees may apply capital money subject to a trust in payment of the calls on any shares subject to the same trust.
Kuasa mendeposit di bank dan membayar panggilan
(1) Pemegang-pemegang amanah boleh, sementara menanti selesai perundingan dan penyediaan apa-apa gadaian, atau pada bilabila masa lain sementara hendak mendapatkan pelaburan, membayar apa-apa wang amanah ke dalam bank secara deposit atau secara akaun lain dan segala bunga, jika ada, yang kena dibayar mengenainya hendaklah digunakan sebagai pendapatan. (2) Pemegang-pemegang amanah boleh menggunakan wang modal yang tertakluk kepada sesuatu amanah bagi membayar panggilan manamana saham yang tertakluk kepada amanah yang sama.
Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).