Labuan Offshores Trusts Act 1996 s 45

s 45 Constructive trustee

(1) Subject to subsection (2), where a person makes or receives any profit, gain or advantage from a breach of trust he shall be deemed to be a constructive trustee of that profit, gain or advantage. (2) Subsection (1) shall not apply to a bona fide purchaser of property for value and without notice of a breach of trust. (3) A person who is or becomes a constructive trustee shall deliver up the property of which he is a constructive trustee to the person properly entitled to it. (4) This section shall not exclude any other circumstances under which a person may be or become a constructive trustee.

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

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).

What to look at next

Labuan Offshores Trusts Act 1996, full textChapter navigation and full text, so you can read this section in contextMalaysia legislation Malaysia Acts by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year Part IV — Trustees of offshore trusts — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections