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← Public Trust Corporation Act 1995

Public Trust Corporation Act 1995 s 18

Public Trust Corporation Act 1995 s 18

s 18 Administration of estates of small value

(1) Where— (a) the value of the property without deduction for debts, but not including the value of any property which the deceased possessed or was entitled to as trustee and not beneficially, does not exceed five thousand ringgit; (b) it appears to the Corporation that the persons beneficially entitled are persons of small means; and (c) the Corporation can administer the estate under section 17, the Corporation shall administer the estate under section 17. (2) Where proceedings have been instituted in any Court for the administration of an estate and by reason of the small value of the estate it appears to the Court that the estate can be more economically administered by the Corporation than by the Court or that for any other reason it is expedient that the estate should be administered by the Corporation instead of the Court, the Court may order that the estate shall be administered by the Corporation, and thereupon, subject to any directions by the Court, section 17 shall apply as if the administration of the estate had been undertaken by the Corporation under section 17.

Malay text (authoritative)

Pentadbiran harta pusaka yang kecil nilainya

(1) Jika— (a) nilai harta tanpa ditolak hutang, tetapi tidak termasuk nilai apa-apa harta yang dimiliki si mati atau yang kepadanya dia berhak sebagai pemegang amanah dan bukan secara benefisial, tidak melebihi lima ribu ringgit; (b) Perbadanan mendapati bahawa orang yang berhak secara benefisial ialah orang yang berpendapatan kecil; dan (c) Perbadanan boleh mentadbirkan harta pusaka itu di bawah seksyen 17, maka Perbadanan hendaklah mentadbirkan harta pusaka itu di bawah seksyen 17. (2) Jika prosiding telah dimulakan di mana-mana Mahkamah bagi pentadbiran sesuatu harta pusaka dan oleh sebab kecilnya nilai harta pusaka itu Mahkamah mendapati bahawa harta pusaka itu boleh ditadbirkan dengan lebih ekonomi lagi oleh Perbadanan berbanding dengan oleh Mahkamah atau bahawa atas apa-apa sebab lain adalah suai manfaat harta pusaka itu ditadbirkan oleh Perbadanan dan tidak oleh Mahkamah, maka Mahkamah boleh memerintahkan supaya harta pusaka itu ditadbirkan oleh Perbadanan, dan sesudah itu, tertakluk kepada apa-apa arahan Mahkamah, seksyen 17 hendaklah terpakai seolah-olah pentadbiran harta pusaka itu telah diakujanji oleh Perbadanan di bawah seksyen 17.

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

Find Act 532 on lom.agc.gov.my ↗

Text as at 1 September 2010 (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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