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Gov Loans Trust Notice Act 1947

This document is the Government Loans (Notice of Trusts) Act 1947 of Malaysia which was most recently revised in 2006. The Act provides for the exclusion of notice of trusts in relation to stock held in Government loans. It defines key terms like "Government loan", "Bank", and "stock". The Act states that no notice of any express, implied or constructive trust shall be entered in any register of stock or be receivable by the Bank in respect of any stock.

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90 views7 pages

Gov Loans Trust Notice Act 1947

This document is the Government Loans (Notice of Trusts) Act 1947 of Malaysia which was most recently revised in 2006. The Act provides for the exclusion of notice of trusts in relation to stock held in Government loans. It defines key terms like "Government loan", "Bank", and "stock". The Act states that no notice of any express, implied or constructive trust shall be entered in any register of stock or be receivable by the Bank in respect of any stock.

Uploaded by

Adam Haida & Co
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Government Loans (Notice of Trusts) 1

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LAWS OF MALAYSIA
REPRINT

Act 649

GOVERNMENT LOANS (NOTICE


OF TRUSTS) ACT 1947
Incorporating all amendments up to 30 March 2006

PUBLISHED BY
THE COMMISSIONER OF LAW REVISION, MALAYSIA
UNDER THE AUTHORITY OF THE REVISION OF LAWS ACT 1968
IN COLLABORATION WITH
PERCETAKAN NASIONAL MALAYSIA BHD
2006

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2
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GOVERNMENT LOANS (NOTICE OF TRUSTS)


ACT 1947

First enacted … ... ... ... … … … 1947 (Ord. No. 31 of


1947)

Revised … … … … … … … 2006 (Act 649 w.e.f


30 March 2006)

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LAWS OF MALAYSIA

Act 649

GOVERNMENT LOANS (NOTICE OF TRUSTS)


ACT 1947

ARRANGEMENT OF SECTIONS

Section

1. Short title
2. Interpretation
3. Exclusion of notice of trusts in respect of stock

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4 Laws of Malaysia ACT 649
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Government Loans (Notice of Trusts) 5
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LAWS OF MALAYSIA

Act 649

GOVERNMENT LOANS (NOTICE OF TRUSTS)


ACT 1947

An Act to provide for the exclusion of notice of trusts in relation


to stock held in Government loans.

[1 July 1941]

Short title

1. This Act may be cited as the Government Loans (Notice of


Trusts) Act 1947.

Interpretation

2. In this Act, unless the context otherwise requires—

“Bank” means the Bank servicing or managing any Government


loan;

“Government loan” means any loan at any time raised, or which


may be raised, by the Government of Malaysia, or any loan raised
before 1 April 1946, by the Government of any territory now
comprised in Malaysia, in accordance with any written law for the
time being in force, and which is serviced or managed by a Bank
on behalf of the Government of Malaysia;

“stock” means any stock or debenture stock issued in accordance


with the terms of any Government loan.

Exclusion of notice of trusts in respect of stock

3. No notice of any trust, expressed, implied or constructive, shall


be entered on any register of stock or be receivable by the Bank
in respect of any stock.
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6 Laws of Malaysia ACT 649
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LAWS OF MALAYSIA

Act 649

GOVERNMENT LOANS (NOTICE OF TRUSTS)


ACT 1947

LIST OF AMENDMENTS

Amending law Short title In force from

– NIL –

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Government Loans (Notice of Trusts) 7
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LAWS OF MALAYSIA

Act 649

GOVERNMENT LOANS (NOTICE OF TRUSTS)


ACT 1947

LIST OF SECTIONS AMENDED

Section Amending authority In force from

– NIL –

DICETAK OLEH
PERCETAKAN NASIONAL MALAYSIA BERHAD,
KUALA LUMPUR
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BAGI PIHAK DAN DENGAN PERINTAH KERAJAAN MALAYSIA

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