Trustee Act 1949 s 35

s 35 Implied indemnity of trustees

(1) A trustee shall be chargeable only for money and securities actually received by him notwithstanding his signing any receipt for the sake of conformity, and shall be answerable and accountable only for his own acts, receipts, neglects, or defaults, and not for those of any other trustee, or of any banker, broker, or other person with whom any trust money or securities may be deposited, nor for the insufficiency or deficiency of any securities, nor for any other loss, unless the same happens through his own wilful default. (2) A trustee may reimburse himself or pay or discharge out of the trust premises all expenses incurred in or about the execution of the trusts or powers. Maintenance, Advancement and Protective Trusts

Malay text (authoritative)

Indemniti termaklum bagi pemegang amanah

(1) Seorang pemegang amanah hanya boleh dipertanggungkan mengenai wang dan sekuriti yang sebenarnya diterima olehnya walaupun dia menandatangani sesuatu resit bagi maksud mengesahkan penerimaan, dan hendaklah hanya bertanggungan menjawab dan bertanggungan menerangkan mengenai perbuatan, penerimaan, keabaian atau keingkarannya sendiri, dan tidak mengenai perbuatan, penerimaan, keabaian atau keingkaran mana-mana pemegang amanah lain, atau mana-mana jurubank, broker, atau orang lain yang padanya apa-apa wang amanah atau sekuriti didepositkan, juga tidak mengenai ketidakcukupan atau kekurangan mana-mana sekuriti, juga tidak mengenai apa-apa kerugian lain, melainkan jika yang demikian itu berlaku melalui keingkarannya yang sengaja. (2) Seseorang pemegang amanah boleh mengganti bayar dirinya sendiri atau membayar atau menjelaskan daripada premis amanah itu segala perbelanjaan yang dilakukan pada atau mengenai pelaksanaan amanah atau kuasa itu. Nafkah, Pendahuluan dan Amanah Perlindungan

Read this section in the full act → · Open Part III →

Find Act 208 on lom.agc.gov.my ↗

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).

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