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← Trustees (Incorporation) Act 1952

Trustees (Incorporation) Act 1952 s 18

Trustees (Incorporation) Act 1952 s 18

Text recovered by OCR from a scanned copy — section numbers and wording may be wrong. Check the official PDF on lom.agc.gov.my before citing.

s 18 Voluntary dissolution of body corporate

(1) A body corporate may be dissolved voluntarily in either of the following ways: (a) upon the happening of any event as specified in the trust deed which amounts to the dissolution of the body corporate; or (b) by the decision of the trustee, or if there is more than one trustee, the unanimous agreement of the trustees, testified by the trustee constituting the body corporate signing an instrument of dissolution and with the consent of the body or association of persons by whom the trustee are appointed. (2) The trustee shall immediately inform the Minister of the happening of the event referred to in paragraph (1)(a) or the decision or agreement referred to in paragraph (1)(b). (3) The Minister shall make an order revoking the certificate of incorporation as from such date as is specified in the order.

Read this section in the full act →

Find Act 258 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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