Labuan Offshores Trusts Act 1996 s 40

s 40 Remuneration and expenses

(1) A trustee shall not be entitled to any remuneration for services rendered unless authorized— (a) by the terms of the trust; (b) by the consent in writing of all the identifiable or ascertainable beneficiaries; or (c) by an order of the Court. (2) A trustee may reimburse himself or pay out of the trust all expenses and liabilities reasonably incurred by him in connection with the trust.

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Find Act 554 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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