Labuan Offshores Trusts Act 1996 s 51

s 51 Protection of persons dealing with trustees

(1) A bona fide purchaser for value without actual notice of any breach of trust— (a) may deal with a trustee in relation to trust property as if the trustee was the beneficial owner of the trust property; and (b) shall not be affected by the trusts on which such property is held. (2) No person paying or advancing money to a trustee shall be concerned to see that such money is required for the purposes of the trust, or that no more than is required is raised, or otherwise as to the propriety of the transaction or the application of the money.

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

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 V — Miscellaneous — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections